Yankuang Energy Group Company Limited Class H (HK:1171) has released an update.
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Yankuang Energy Group Company Limited has announced that its controlling shareholder, Shandong Energy Group Company Limited, is executing a plan to increase its stake in the company to consolidate control, boost investor confidence, and reaffirm its commitment to Yankuang’s long-term value. Shandong Energy aims to invest between RMB 100 million to RMB 400 million to purchase additional A shares and H shares within 12 months from the announcement date. As of July 19, 2024, Shandong Energy has already increased its holdings substantially, now representing 55.9837% of Yankuang’s total issued share capital.
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