talesofsilvermegaways| China Xinlianxin Fertilizer: Xinjiang Xinlianxin plans to sell 100% equity of Tianxin Coal Industry in Manas County

China Xinlianxin Fertilizer (01866) announced that on May 10, 2024, Xinjiang Xinlianxin conditionally agreed to sell 15% and 85% equity interests of Manas County Tianxin Coal Industry Co., Ltd. to Anhui Lingtong and Xinjiang Heishi respectively, at a total consideration of approximately RMB 13talesofsilvermegaways.74 billion yuan.

The announcement said that this potential sale is mainly due to good coal supply in Xinjiang.talesofsilvermegawaysUnder the expectations of the Group, we optimize the allocation of Group resources and adjust the asset structure based on market conditions and company strategies. If the potential sale is implemented, it will help the Group recover funds, reallocate resources, and strive to develop the Group to become better at it.talesofsilvermegawaysWe will maximize the utilization of assets and improve operating efficiency in our chemical fertilizer and chemical business.