Key Developments: China Coal Energy Co Ltd (1898.HK)
9 Dec 2013
Latest Key Developments (Source: Significant Developments)
China Coal Energy Co Ltd announced that it will not distribute any interim dividends for 2012. Full Article
China Coal Energy Co Ltd announced that it has entered into the promoters’ agreement with China Railway Investment and the Other Promoters on August 16, 2012, pursuant to which the parties had agreed to establish Mengxi-Huazhong Railway Co with an initial registered capital of RMB1 billion, which is expected to progressively increase to RMB54 billion. Upon completion of the establishment of Mengxi Huazhong Railway Co, the Company will own as to 10% of the equity interest of Mengxi-Huazhong Railway Co, China Railway Investment will own as to 20% of the equity interest of Mengxi-Huazhong Railway Co and the Other Promoters (14 parties) together will own as to 70% of the equity interest of Mengxi-Huazhong Railway Co. Mengxi-Huazhong Railway Co will be a legal entity for the project of the planning, construction, production and operation of West Inner Mongolia-Central China Railway. Full Article
China Coal Energy Co Ltd announced that it will pay a cash dividend of RMB 0.215 (pre-tax) per share to shareholders of record on June 7, 2012. The Company's shares will be traded ex-dividend on June 8, 2012 and the dividend will be paid on June 14, 2012. Full Article
HONG KONG, Oct 25 - China Shenhua Energy Co Ltd , the country's largest coal producer, posted a 22 percent drop in third-quarter net profit, due to weak coal prices caused by ample supplies and flagging demand.