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Perennial Energy Proposes Coal Mine Merger

Perennial Energy Proposes Coal Mine Merger

Perennial Energy Holdings Ltd. (HK:2798) has released an update.

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Perennial Energy Holdings Ltd. has announced a plan to consolidate coal mine resources in Guizhou Province, which involves merging three mines into two with increased annual production capacity, pending government approval. No binding agreements have been made yet, and the consolidation is still subject to negotiation and may significantly impact the company’s operations.

For further insights into HK:2798 stock, check out TipRanks’ Stock Analysis page.

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