Zhengzhou Coal Power, Corun Energy Extend Suspension Of Trading

Date:2011-11-10houhaizhen  Text Size:

November 10 -- Zhengzhou Coal Industry and Electric Power (600121.SH) said it plans to extend the period of its trading suspension till December 12, reports Shanghai Securities News, citing a company filing.

The company had planned in October to resume share trading and release its asset restructuring plan today.

According to the plan, it will swap in the coal business of its parent group with its own real estate business. The discrepancy will be paid for through a private placement.

The company filed today that it also plans to offer shares to another nine investors in order to raise funds.

Meanwhile, Hunan Corun New Energy (600478.SH), which suspended share trading in August for an asset restructuring, filed that it will extend the trading suspension by another two weeks.

The company's shares were to have resumed trading today.

Corun Energy had planned to fully acquire Yiyang Hongyuan Rare Earth through a private placement.

2005-2011 www.researchinchina.com All Rights Reserved 京ICP备05069564号-1