December 28 -- Shandong Jiufa Edible Fungus (600180), a company which used to produce edible fungus and related products, plans to fully acquire three companies; Jiangsu Jinghe, Xuzhou Yifeng, and Peizhou Fengyuan, through an issuance of shares,  reports yicai.com, citing a company filing.

Shares of the company, which had been suspended since July, resumed trading today. During this period, the delisting warning on the company was removed.

According to Jiufa Edible Fungus, the three companies are engaged in the coal supply chain management business, and the acquisitions will enable it to change its business and enter into this sector.

Jiufa Edible Fungus will issue 618 million shares at 4.30 yuan per share to Ruimaotong Limited to purchase a 88.96 percent stake in each of the target companies.

The equity stakes have an appraised value of 2.988 billion yuan, while the total transaction value is 2.658 billion yuan.

The remaining shareholdings of 1.045 percent will be injected into Jiufa Edible Fungus by Ruimaotong at no charge in order to repay 330 million yuan worth of debt owed by Zhenda Wumao.

Ruimaotong gave a commitment that the injected assets will generate net profit of 362.68 million yuan in 2012, 423.46 million yuan in 2013, and 489.05 million yuan in 2014.

Following the transaction, Ruimaotong will become the controlling shareholder of Jiufa Edible Fungus, with a stake of 71.12 percent.

Shares of the company fell 5.01 percent to trade at 8.73 yuan per share at 9:31 today.