Yankuang Energy Group Company Limited Class H (HK:1171) has released an update.
Yankuang Energy Group Company Limited has announced a general mandate authorized at their annual general meeting, allowing the board to repurchase up to 10% of the company’s H shares. Shareholders and regulatory bodies approved the repurchase, which can lead to either cancellation of the repurchased shares or their conversion into treasury shares. Creditors of the company have been advised to assert their rights within designated timeframes following this announcement.
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