Shunfeng Coal is a coal mining and washing service provider. Recently, *ST Xiyuan announced that Sanshan Mining, a wholly-owned subsidiary of the company, acquired a 71.25% stake in Hongdong County Shunfeng Coal Industry Co., Ltd. with self-raised funds of RMB 12 million. After the completion of the equity acquisition transaction, Shunfeng Coal Industry will be included in the scope of the company’s consolidated statements.
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