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Yankuang Energy Group Company Limited Class H ( (HK:1171) ) has provided an announcement.
Yankuang Energy Group has acquired 51% equity interests in Shandong Energy Group Luxi Mining Company Limited and Yankuang Xinjiang Energy & Chemical Co., Ltd. for RMB 18,936.4586 million and RMB 8,111.8523 million, respectively, as part of a strategy to integrate high-quality coal resources and consolidate its principal business. As a condition of the Luxi Mining deal, the transferring shareholder groups have committed that Luxi Mining will deliver a cumulative net profit of at least RMB 11,424.8014 million for 2023–2025, backed by a cash compensation mechanism if the performance target is not met, helping to protect Yankuang Energy and its investors against underperformance risk.
The most recent analyst rating on (HK:1171) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on Yankuang Energy Group Company Limited Class H stock, see the HK:1171 Stock Forecast page.
More about Yankuang Energy Group Company Limited Class H
Yankuang Energy Group Company Limited is a China-based energy company focused on coal mining and related energy and chemical operations. Listed in Hong Kong, the group has been expanding its portfolio of high-quality coal resources to strengthen its core mining business and reduce intra-group competition within the sector.
Average Trading Volume: 46,036,973
Technical Sentiment Signal: Buy
Current Market Cap: HK$203.6B
For a thorough assessment of 1171 stock, go to TipRanks’ Stock Analysis page.