Sunday, July 27, 2014

Winsway Chairman Pledges 29.9% Stake to Shanxi Coal

July 26 (Cover Mongolia) When Winsway Coking Coal Holdings (now Winsway Enterprises Holdings, HKEx:1733) announces that its founder and chairman Wang Xingchun, who holds 49.1%, pledged his 29.9% Winsway stake to a major China state-owned company, they didn’t say to whom. But soon enough, as per HKEx disclosure rules, the unnamed SOE was revealed as Shanxi Coal International Energy Group, listed on Shanghai Exchange with a market capitalization of RMB 8.56 billion ($1.38 billion), in a disclosure of interest notice.

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