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Anhui Leimingkehua Co Ltd (600985.SS)

600985.SS on Shanghai Stock Exchange

12.36CNY
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Tue, Nov 28 2017

China state-backed explosives maker to buy affiliated coal miner for $3.1 billion

BEIJING China state-backed explosives maker Anhui Leimingkehua Co is acquiring a coal mining affiliate in a $3.1 billion deal, a move it said was part of the government's push to make state-owned enterprises (SOEs) more efficient.

China explosives maker to buy coal miner for $3.1 bln

BEIJING, Nov 27 Chinese explosives maker Anhui Leimingkehua Co Ltd said on Monday it would acquire a state-run coal miner in a $3.1 billion deal as part of the Chinese government's push to boost efficiency at state-owned enterprises.

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