Shanxi Coking Company
| Company type | Public |
|---|---|
| Industry | Coke production |
| Founded | October 23, 1995 |
| Headquarters | Shanxi , China |
Area served | China |
| Products | Coke, methanol, carbon black, asphalt, coking toluene |
| Owner | Shanxi Coking Coal Group (largest shareholder) |
| Parent | Shanxi Coking Group (subsidiary) |
Shanxi Coking Co., Ltd. (SCC) is a Chinese coke production enterprise publicly listed on the Shanghai Stock Exchange.
In the year 2015, Shanxi Coking's sales included 3.25 million tons of coke, 233,900 tons of methanol, 62,400 tons of carbon black, 91,900 tons of asphalt, and 14,900 tons of coking toluene (). During the same period, its principal shareholder, Shanxi Coking Coal Group, procured coal worth from Shanxi Coking, indicating substantial transactions between related parties.
History
Shanxi Coking Co., Ltd. was established on 23 October 1995 as a subsidiary under Shanxi Coking Group (). The company's shares were first offered on the Shanghai Stock Exchange on 8 August 1996. In 2001, the parent company merged with several others to create Shanxi Coking Coal Group (). In 2005, Shanxi Coking Group divested a 24.19% shareholding in the listed entity to Xishan Coal and Electricity Power (), another listed arm of Shanxi Coking Coal Group, for ( per share). Following this transaction, Shanxi Coking Group retained 34.15%, while Xishan Coal & Electricity Power owned 24.19%. Later capital injections diluted these holdings to 14.22% and 11.50%, respectively.
In April 2016, Shanxi Coking Co. completed a reverse takeover by acquiring a 49% stake in Huajin Energy () from Shanxi Coking Group through a combination of newly issued shares and cash payment. The remaining equity was held by rival firm China Coal Energy. This acquisition resulted in Shanxi Coking Coal Group holding a combined controlling interest of 47.87% via its wholly owned subsidiary Shanxi Coking Group and an additional 5.27% through Xishan Coal and Electricity Power.
Huajin Energy's coal production reached 9.95 million tonnes in 2015, accounting for approximately 10.4% of China Coal Energy's overall output.
As of 31 December 2015, the largest shareholder was Shanxi Coking Group, owning a 14.22% portion, followed by Xishan Coal and Electricity Power with an 11.50% stake; both entities are subsidiaries under Shanxi Coking Coal Group.