Ge Long Hui·2025-11-27 10:38Core Viewpoint - Yanzhou Coal Mining Company Limited (兖矿能源) announced the acquisition of 100% equity in the high-end support company from Shandong Energy Equipment, with a total transaction value of approximately RMB 344.85 million, aiming to eliminate competition and enhance operational efficiency [1] Group 1: Acquisition Details - The acquisition involves Yanzhou Coal's wholly-owned subsidiary, Donghua Heavy Industry, purchasing the entire equity of the high-end support company [1] - The total consideration for the equity transfer is RMB 344,847,433.48 [1] - Following the completion of the transfer, the high-end support company will become a wholly-owned subsidiary of Yanzhou Coal [1] Group 2: Business Context - The high-end support company is a limited liability company established under Chinese law and is currently a wholly-owned subsidiary of Shandong Energy Equipment [1] - The company primarily engages in mining machinery manufacturing, general equipment manufacturing, equipment repair, and specialized equipment sales [1] Group 3: Strategic Implications - The equity transfer is expected to effectively resolve the issue of competition between the high-end support company and Donghua Heavy Industry, facilitating the integration of the equipment manufacturing sector [1] - This move is anticipated to accelerate the intelligent construction process in coal mining, supporting safe and efficient mining operations and high-quality development [1] - By completing the equity transfer, the company aims to reduce related party transactions and lower material procurement costs, maximizing overall efficiency [1]