|
|
Article: CENTURY-OLD CHINESE COAL MINING COMPANY REISSUES STOCKS.
- Article from:
- AsiaPulse News
- Article date:
- July 3, 2002
CopyrightCOPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NANCHANG, July 3 Asia Pulse - A century-old coal mining company in east China's Jiangxi province, believed to have issued China's first modern shares 93 years ago, was listed on the Shanghai Stock Exchange on July 2.
Located in Pingxiang city in western Jiangxi, the Anyuan Industrial Co. Ltd., originally the Anyuan Coal Mine founded in 1898, issued 80 million ordinary shares at the price of 5.99 RMB yuan (about US$0.75) per share, company sources said.
Interestingly, the Anyuan Coal Mine issued the country's first batch of stocks in 1909 when it developed into a conglomerate involved in both coal mining and iron smelting.
The Anyuan Coal Mine ...