Lu'an Environmental Energy Development Invests 100 Million Yuan to Establish Shangma Coal Mine Unit
Shanxi Lu'an Environmental Energy Development (SHA:601699) will invest 100 million yuan to establish the tentatively named Shanxi Lu'an Environmental Energy Shangma Coal Industry.The wholly-owned subsidiary will serve as the implementing entity for the Shangma coal mine project in Shanxi, China, according to a Thursday filing with the Shanghai bourse.Shares of the coal miner were down 2% in recent trade.