Is Yimei New Energy related to Kaixiang Chemical Industry?
Yes, according to the secretary's help. The Coal-to-Gas Company of Henan Coal Chemical Industry and Kaixiang Chemical Industry, a subsidiary of Yimei Group, are both located in yima city Coal Chemical Industrial Park, and the coal situation is well known to be grim. When a reporter from the National Business Daily visited yima city, some miners and local people also told reporters that this will definitely stir up the whole coal industry, because after the integration, an enterprise with a coal output of several hundred million tons will be born. It is expected that the output of the new company will rank among the top three in the industry after Shenhua and China Coal Energy. According to relevant media reports, the strategic reorganization of Yimei and Kaixiang Chemical will be divided into two stages: reorganization and integration and internal deep integration. SASAC, the provincial government, invested 65.79% equity of Yimei Group in Kaixiang Chemical Group, renamed it Henan Coal Chemical Group, and established a new group company as a wholly state-owned enterprise. Provincial State-owned Assets Supervision and Administration Commission (SASAC) is authorized by the provincial government to perform the responsibilities of investors. The registered capital of the group company is about 26 billion yuan, and the integration plan has not yet been determined. Kaixiang Coal Chemical Industry and Yimei Group both own coal chemical industry, coal and aluminum processing businesses, and will face the integration problem of overlapping business after reorganization.