Guangdong Kaihong Technology to acquire Xinneng Mining Industry from ENN Natural Gas for $915m.

Synopsis

Guangdong Kaihong Technology agreed to acquire Xinneng Mining Industry, a coal mining company, from ENN Natural Gas, a private energy company, for $915m. Xinneng holds the mining rights for a coal mine in the northern Chinese region of Inner Mongolia, with a capacity of 8m tonnes per year.

Principals

target

Xinneng Mining Industry

bidder

Guangdong Kaihong Technology

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