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Article: Hong Kong: Hidili Industry to acquire Guizhou coal assets.
- Article from:
- TendersInfo
- Article date:
- July 17, 2008
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Byline: pinto03
Hong Kong-listed Hidili Industry International Development Ltd (Hidili International)
<1393> said Tuesday it planned to pay nearly RMB 242 billion for stakes in two coal producers and in two logistics firms in Guizhou province, southwest China. Hidili said in a statement that this deal is expected to provide its local coal mines with processing facilities.
The Sichuan-based firm said it has secured approval for acquiring controlling stakes of 70% in Panxin Coking Co Ltd, as well as Panyi Coal Washing Co Ltd, besides 37% each in Panshi Logistic Distribution Co Ltd and Panying Logistic Distribution Co Ltd.
Panxin Coking and Panyi Coal ...