Yankuang Energy Group Company Limited Class H (HK:1171) has released an update.
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Shandong Energy Group has successfully completed its plan to increase its stake in Yankuang Energy Group, enhancing its controlling position. The shareholding increase, accomplished through various trading methods, involved an investment of approximately RMB 300 million, boosting investor confidence in the company’s long-term prospects. This strategic move has resulted in Shandong Energy holding 52.8284% of Yankuang Energy’s total share capital.
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