Shanxi Coking Co., Ltd. (SCC) is a publicly traded coke manufacturing conglomerate in China. The company was listed on

Shanghai Stock Exchange The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Excha ...

. In 2015 Shanxi Coking had sold 3.25 million tons of coke, 233.9 thousand tons of

methanol Methanol (also called methyl alcohol and wood spirit, amongst other names) is an organic chemical and the simplest aliphatic alcohol, with the formula C H3 O H (a methyl group linked to a hydroxyl group, often abbreviated as MeOH). It is ...

, 62.4 thousand tons of

carbon black Carbon black (subtypes are acetylene black, channel black, furnace black, lamp black and thermal black) is a material produced by the incomplete combustion of coal and coal tar, vegetable matter, or petroleum products, including fuel oil, fluid ...

, 91.9 thousand tons of

asphalt Asphalt, also known as bitumen (, ), is a sticky, black, highly viscous liquid or semi-solid form of petroleum. It may be found in natural deposits or may be a refined product, and is classed as a pitch. Before the 20th century, the term ...

and 14.9 thousand tons of coking toluene (). The listed company also had a massive related deal with its largest shareholder Shanxi Coking Coal Group, which purchased of coal from the company in 2015.

History

Shanxi Coking Co., Ltd. was incorporated on 23 October 1995 as company limited by shares, as a subsidiary of Shanxi Coking Group (). On 8 August 1996, the shares of the company started to float on

. In 2001 the parent company merged with other companies to form Shanxi Coking Coal Group (). In 2005 Shanxi Coking Group sold 24.19% stake of the listed company to

Xishan Coal and Electricity Power Shanxi Xishan Coal and Electricity Power Co., Ltd. was established in 1999 and listed on the Shenzhen Stock Exchange in 2000. It has 9 coal mines, 8 coal plants and 13 holding companies. Xishan Coal Electricity Group was the parent company of Xi ...

() another listed company and subsidiary of Shanxi Coking Coal Group for ( per share). After the deal Shanxi Coking Group owned 34.15% stake and Xishan Coal & Electricity Power owned 24.19% stake. After several capital increases, Shanxi Coking Group owned 14.22% stake and Xishan Coal & Electricity Power owned 11.50% stake only. A backdoor listing of 49% equity stake in Huajin Energy () was announced in April 2016 by issuing new shares and cash to acquire from Shanxi Coking Group. The rest of the stake was owned by another listed company (and competitor) China Coal Energy. After the deal, Shanxi Coking Coal Group would owned 47.87% stake of the listed company via wholly owned subsidiary Shanxi Coking Group and 5.27% stake via subsidiary Xishan Coal and Electricity Power. According to China Coal Energy, Huajin Energy produced 9.95 million tonnes of coal in 2015, accounted for 10.4% total production mass of China Coal Energy.

Shareholders

As at 31 December 2015, Shanxi Coking Group owned 14.22% stake as the largest shareholder. It was followed by

(11.50%), both subsidiary of Shanxi Coking Coal Group.

References

External links

* Coal companies of China Chemical companies of China Companies owned by the provincial government of China Chinese companies established in 1995 Energy companies established in 1995 Non-renewable resource companies established in 1995 Companies listed on the Shanghai Stock Exchange Companies based in Shanxi {{coal-company-stub