It is reported that Gansu Jingyuan Coal Industry and Electricity Power a company engaged in the exploration and sale of coal, intends to acquire coal mining assets and related equipment from controlling shareholder, Jingyuan Coal Group.

Due to the planned asset acquisition, shares of the company were suspended from trading since September 9.

The company said it will disclose details of its asset acquisition by December 9 at the latest.

(Sourced from china.com.cn)