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Article: Century-old coal mining company reissues stocks
- Article from:
- Xinhua News Agency
- Article date:
- July 2, 2002
CopyrightCopyright 2002 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Century-old coal mining company reissues stocks
NANCHANG, July 2 (Xinhua) -- 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 Tuesday.
Located in Pingxiang city in western Jiangxi, the Anyuan
Industrial Shareholding Ltd., originally the Anyuan Coal Mine
founded in 1898, issued 80 million ordinary shares at the price of
5.99 RMB yuan (about 0.75 U.S. dollar) 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 ...