An update from Yankuang Energy Group Company Limited Class H ( (HK:1171) ) is now available.
Yankuang Energy Group Company Limited announced that its subsidiary, Luxi Mining, has entered into agreements with Linyi Mining Group to share non-planning expenses for three of its subsidiaries: Liangbaosi Energy, Xinju Long Energy, and Heze Coal Electricity. These agreements outline the specific arrangements for sharing methods and disbursement procedures of the expenses, which are to be assumed on a pro-rata basis. The transactions are considered connected transactions under the Listing Rules, but they are exempt from certain requirements due to their nature and size.
More about Yankuang Energy Group Company Limited Class H
Yankuang Energy Group Company Limited is a joint stock limited company incorporated in China, primarily engaged in the energy sector. The company focuses on mining and energy production, with significant operations in coal mining and electricity generation.
YTD Price Performance: -4.39%
Average Trading Volume: 1,250
Technical Sentiment Signal: Buy
Current Market Cap: $15.94B
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