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An update from Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H ( (HK:0564) ) is now available.
Zhengzhou Coal Mining Machinery Group Co., Ltd. has entered into a Fund Unit Transfer Agreement with Henan Asset Management Co., Ltd. to acquire RMB202,000,000 worth of limited partnership units in Hongkai Fund, representing a 25.0935% stake. This transaction is classified as a connected transaction under Hong Kong Listing Rules due to Henan Asset’s substantial shareholding in the company, requiring reporting and announcement but exempt from independent shareholders’ approval.
More about Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H
Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H is a company based in the People’s Republic of China, operating within the coal mining machinery industry. The company focuses on providing machinery and equipment for coal mining operations.
Average Trading Volume: 3,094,073
Technical Sentiment Signal: Buy
Current Market Cap: HK$45.5B
See more insights into 0564 stock on TipRanks’ Stock Analysis page.