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China Coal Xinji Energy Shifts Direct Control to Anhui Co.

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China Coal Xinji Energy (SHA:601918) controlling shareholder, China Coal Group, will transfer 826.8 million shares, or 31.92% of total equity, to its newly established wholly owned subsidiary, Anhui Co.

The move aims to streamline equity structures, boost regional synergy and support high-quality development, according to a weekend filing with the Shanghai bourse.

Upon completion, Anhui Co. will become the direct controlling shareholder, while China Coal Group remains the indirect controller.

State-owned Assets Supervision and Administration Commission remains as actual controller.

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