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An announcement from Yankuang Energy Group Company Limited Class H ( (HK:1171) ) is now available.
Yankuang Energy Group Company Limited announced a strategic cooperation with Highfield Resources Limited, Qinghai Salt Lake Industry Co., Ltd., and EMR Capital by signing a non-binding letter of intent. Qinghai Salt Lake intends to subscribe for ordinary shares in Highfield Resources for approximately $300 million, aiming to become the largest shareholder and gain control over Highfield Resources and its projects. This transaction could impact Yankuang Energy’s control over Highfield Resources, as Qinghai Salt Lake would assume the largest shareholder position, potentially altering the original transaction arrangement.
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. It operates in the energy sector, focusing on the production and distribution of coal and other energy resources.
YTD Price Performance: -6.82%
Average Trading Volume: 28,566,458
Technical Sentiment Signal: Hold
Current Market Cap: HK$113.3B
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