Yankuang Energy Group Company Limited Class H (HK:1171) has released an update.
Yankuang Energy Group Company Limited’s controlling shareholder, Shandong Energy Group Company Limited, has been actively increasing its stake in the company to convey confidence in its long-term value to the market. Through centralized bidding and other market transactions, Shandong Energy has invested between RMB 300 million to RMB 600 million within 12 months. This move has resulted in Shandong Energy’s shareholding rising to 56.0386% of the total issued share capital of Yankuang Energy.
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