Shaanxi Black Cat (601015.SH) plans to increase capital to 700 million yuan for its wholly-owned subsidiary, Xinjiang Black Cat Coal Industry.

Intelligent Financial APP News: Shaanxi Heimao (601015.SH) announced that in November 2023, the company established a wholly-owned subsidiary, Xinjiang Heimao Coal Industry, in Xinjiang. The subsidiary is mainly responsible for overall planning, investment, and management of the company's coal business in Xinjiang, with a registered capital of 100 million yuan already paid in. In December 2023, Xinjiang Heimao Coal Industry acquired 100% equity of Xinjiang Shenxin Yangxia Mining Co., Ltd. ("Yangxia Mining") with 339 million yuan in cash. In order to accelerate the project construction in Xinjiang, strive for the early completion and production of Yangxia Mining and related projects, the company plans to increase the registered capital of Xinjiang Heimao Coal Industry to 700 million yuan with its own funds or self-raised funds, to be fully paid in within five years.