Shen Yao announces shift to commodities trading

The company is securing 3.5 million tonnes of coal for JCS.

Shen Yao Holdings Limited reported in a bourse filing on 18 July that it plans to transform into a commodities trading company that is integrated within the value chain of the mining and resources industry, as this is the core business of the company. 

Shen Yao said the company is exerting its “best efforts” to secure 3.5 million tonnes of coal for JCS within a 24-month period from the execution date of the agent agreement it entered on 21 March 2025.

Shen Yao said it will be responsible for coordinating the negotiation and finalisation of the purchase terms with the coal suppliers. 

It also intends to actively pursue and secure additional agreements of a similar nature and scope, as this will constitute a new line of business for the company.

Shen Yao has appointed a senior manager with an extensive network and experience in the coal mining and trading business to support the new business.