March 26, 2017 6:22 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Yankuang Group Co.,Ltd.

Company Overview

Yankuang Group Co.,Ltd. produces and exports coal in Eastern China. Its products and services include coal, such as raw coal, lump coal, clean coal, thermal coal, high sulphur coal, blended coal, and washed coal; coal chemicals, such as synthetic ammonia, urea, hard coke, acetic acid, coke tar, and gas-fired power generation; electricity and aluminum products, such as aluminum oxide, electrolytic aluminum, aluminum fabrication, carbon, and coal slurry-fired power generation products; and machinery manufacturing, such as excavating, supporting, conveying, mine drainage, and chemical machinery equipment. The company also engages in engineering construction and installation, real estate develop...

No. 298 Fushan South Road

Zoucheng,  273500

China

Founded in 1976

Phone:

86 53 7538 3493

Fax:

86 53 7531 2574

Key Executives for Yankuang Group Co.,Ltd.

General Manager
Age: 53
Deputy Chief Accountant, Head of the Finance Department, Assistant to the General Manager
Age: 59
Compensation as of Fiscal Year 2016.

Yankuang Group Co.,Ltd. Key Developments

Shandong Hua Ju Energy Company Limited Enters into the JV Agreement with Yankuang Group for the Formation of the JV Company

On 10 March 2017, Shandong Hua Ju Energy Company Limited entered into the JV Agreement with Yankuang Group for the formation of the JV Company. Pursuant to the JV Agreement, the JV Company will be owned as to 75% by Yankuang Group and 25% by Hua Ju Energy. As the controlling shareholder directly and indirectly holding approximately 56.59% equity interest of the Company as at the date of this announcement, Yankuang Group is a connected person of the Company for the purpose of the Hong Kong Listing Rules. Entering into of the JV Agreement constitutes a connected transaction of the Company under Chapter 14A of the Hong Kong Listing Rules. The proposed scope of business of the JV Company shall include power sale business, investment and operation ofdistribution network, electricity equipment and facility operation and maintenance, electricity technology consulting and services, clean energy technology services, new energy development and utilization. Registered Capital is RMB 120,000,000. Capital Contribution: RMB 30,000,000 to be contributed by Hua Ju Energy, representing 25% of the interests in the JV Company; and RMB 90,000,000 to be contributed by Yankuang Group, representing 75% of the interests in the JV Company. Pursuant to the JV Agreement, Yankuang Group shall make the capital contribution of RMB 90,000,000 in cash and Hua Ju Energy shall make the capital contribution in asset with value equivalent to RMB 30,000,000. The contribution shall be made before 31 December 2017. The profits of the JV Company shall be distributed in proportion to the capital contribution made by each JV Party in accordance with the JV Agreement. The total capital contribution by the Hua Ju Energy will be satisfied by its owned power equipment facilities and related properties with appraised value of RMB 30,000,000.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 29, 2016
Yankuang Group Finance Co., Ltd.
Merger/Acquisition
March 29, 2016
Yankuang Group Co.,Ltd., Wanfu Mining Right
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Yankuang Group Co.,Ltd., please visit www.ykjt.cn. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.