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Henan Jinma Energy Announces Potential Change in Controlling Shareholder

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Henan Jinma Energy Announces Potential Change in Controlling Shareholder

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Henan JinMa Energy Co. Ltd. Class H ( (HK:6885) ) has issued an update.

Henan Jinma Energy Co. Ltd. has announced a potential change in its controlling shareholder’s shareholding. Jinma Coking (BVI) Limited, the controlling shareholder, has entered into a conditional agreement to sell its shares in Jinma Energy (Hong Kong) Limited to Beijing Weigang New Energy Co., Ltd. This transaction is contingent upon the disposal of certain shares by Jinma HK and Mr. Yiu Chiu Fai, which will result in Mr. Yiu ceasing to have any interest in the company’s shares. Trading in the company’s shares was temporarily halted but is set to resume, and stakeholders are advised to exercise caution.

More about Henan JinMa Energy Co. Ltd. Class H

Henan Jinma Energy Co. Ltd. is a joint stock company incorporated in China, operating in the energy sector. The company is primarily involved in the production and distribution of energy products, with a focus on coking coal and related energy resources.

YTD Price Performance: -27.21%

Average Trading Volume: 126,984

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$265M

See more data about 6885 stock on TipRanks’ Stock Analysis page.

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