SinoCoking Coal and Coke Chemical Industries, Inc. (NASDAQ:SCOK) announced the receipt of business license for three Baofeng County coal companies.

The press release is quoted as saying:

The issuance of these new business licenses is a step toward completing these acquisitions. The Company will next transfer the equity interests that it controls in these three companies to Henan Hongyuan Coal Seam Gas Engineering Technology Co., Ltd.

To read the full press release, click here.