Examples of Shanxi Neng Hua in a sentence
As stated in the Letter from the Board, Shanxi Neng Hua is not expected to generate any profit in 2006.
The entrusted loan involving Shanxi Neng Hua has been approved in accordance with the relevant legal procedures and the borrower is a controlled subsidiary of Shanxi Neng Hua, therefore, the entrusted loan should not be considered as a connected transaction.
Shanxi Neng Hua acquired 0.042% of the equity of Tianhao Chemicals held by natural persons through its self-owned funds of RMB14,150.
The Purchase Price, which is based on the valuation of the 98% equity interest in Shanxi Neng Hua as conducted by Zheng Yuan in accordance with the relevant requirements for asset appraisal in the PRC and mainly using the cost method, is approximately RMB733.34 million or approximately HK$716.85 million.
Shanxi Neng Hua is an investment holding company, which holds 81.31% equity interest in Shanxi Heshun Tianchi Energy Company Limited (“Shanxi Tianchi”) and approximately 99.89% equity interest in Shanxi Tianhao Chemical Company Limited (“Shanxi Tianhao”).
Pursuant to the Acquisition Agreement, the Company conditionally agreed to purchase a 98% equity interest in Shanxi Neng Hua from the Controlling Shareholder.
As stated in the circular, the Purchase Price for the 98% of the equity interest in Shanxi Neng Hua is RMB733.34 million (or equivalent to approximately HK$716.85 million), calculated at 98% of the total net asset value of Shanxi Neng Hua as assessed by Zheng Yuan, a State-approved independent PRC valuer appointed by the Controlling Shareholder.
The entrusted loan to Tianhao Chemicals has been overdue and Shanxi Neng Hua recognized full amount of assets impairment in respect of the said entrusted loan.
The cost of coal sales of Shanxi Neng Hua was RMB216.07 per tonne in the first half of 2010, representing a decrease of RMB29.43 or 12% compared with the corresponding period of last year.
In Shanxi Province, the Group transports coal to ports of Hebei, Shandong, Qinhuangdao and other regions through Yangquang-Shexian railway located around Tianchi Coal Mine, which belongs to Shanxi Neng Hua.