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3. Local and Foreign Acquisitions
Merger and acquisition is crucial for the long
term development of a company. Up Energy
will adhere to the principle of low-cost
expansion and prudently identify merger and
acquisition opportunities in Xinjiang which
coincide with its development strategy and
philosophy.
Through gradual expansion of coal reserves
and scale of mining activities, Up Energy will be
able to secure its leading position in the coking
coal industry in northwestern China.
In respect of merger and acquisition in
overseas countries, management of Up Energy
regularly arranges overseas site visits and
actively identifies investment opportunities in
resource consolidation, merger and acquisition
of coking coal and energy industries in foreign
countries.
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