Yankuang Energy Group Company Limited Class H ( (HK:1171) ) has shared an announcement.
Yankuang Energy Group Company Limited announced that its wholly-owned subsidiary, Donghua Heavy Industry, entered into a Capital Increase Agreement with Wind Sun Science & Technology and Dongfang Electrical. As a result, Wind Sun Science & Technology will contribute RMB 55.925687 million in cash to acquire 50% equity in Dongfang Electrical, reducing Donghua Heavy Industry’s stake to 47.168%. Consequently, Dongfang Electrical will no longer be a subsidiary of the company, affecting its financial consolidation within the group. This transaction is classified as a connected transaction under listing rules due to the involvement of Shandong Energy, the controlling shareholder.
More about Yankuang Energy Group Company Limited Class H
Yankuang Energy Group Company Limited is a joint stock company incorporated in the People’s Republic of China, operating in the energy sector. The company focuses on energy production and related industries, with a market presence that includes various subsidiaries.
YTD Price Performance: -9.21%
Average Trading Volume: 2,723
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $15.16B
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