Dacheng advises Shanxi Coking Coal Group in bid for NAFMII approval
Shanxi Coking Coal Group Co, under the guidance of Dacheng attorneys from the Taiyuan office, was recently granted approval for its issuance of medium-term notes (MTNs) and short-term financing bills from the National Association of Financial Market Institutional Investors (NAFMII).
Shanxi Coking Coal Group is a large conglomerate whose core business lies in coal mining and processing, but is also branching out to a range of businesses, such as pit construction, coal mine machinery manufacturing, electromechanical equipment maintenance and manufacturing and more.
Its coking coal and coke products are sold to more than 20 cities and provinces in China and exported to Japan, South Korea, Brazil, Germany, India and Taiwan.
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Briefings from Dacheng
China’s updated company law took effect on 1 March. Leo Zhou Liang, senior partner at Dacheng, highlights the key changes for corporates.
Dacheng has published the first issue of its Tax Newsletter, edited by David Yu, Lily Fan, Fidel Liu and Shen Liming.