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Yanzhou Coal intends to acquire Lunan Chemical for 18.355 billion yuan

 Last Update: 2022-03-12
 Source: Internet
 Author: User

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Recently, Yanzhou Coal Industry issued an announcement stating that the company intends to acquire 7 related assets of the controlling shareholder Yankuang Group for approximately 18.

Recently, Yanzhou Coal Industry issued an announcement stating that the company intends to acquire 7 related assets of the controlling shareholder Yankuang Group for approximately 18.
355 billion yuan in cash .
Among them, Yankuang Lunan Chemical Co.
, Ltd.
( " Lunan Chemical " for short ) is one of the main assets of the transaction target.
Yanzhou Coal said that through this transaction, the company can realize the integration of the coal chemical business of Yankuang Group, extend the industrial chain, optimize the company’s main business, enhance the company’s profitability and anti-risk capabilities, and enhance the company’s value and shareholder returns.
.
After the transaction is completed, the target company and target assets will be added to the scope of the company’s consolidated statement, which can increase the company’s total assets, increase the company’s operating income, and exert synergy and scale effects; by extending the industrial chain, it can improve overall operating performance and profitability, and enhance The company's ability to sustainably develop and resist risks is conducive to protecting the interests of the company's shareholders.
In addition, after the completion of the acquisition, related transactions between the company and Yankuang Group will also be reduced, which is conducive to improving the company's standard operation level.

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