Yankuang Energy Group Company Limited Class H (HK:1171) has released an update.
Yankuang Energy Group Company Limited has successfully completed the placement of 285 million new H shares, generating approximately HK$4.93 billion in net proceeds intended for debt repayment and working capital replenishment. This placement has increased the company’s total issued shares by around 3.83%, with all shares placed with a minimum of six independent third parties. The newly issued shares will expand the company’s H share count without affecting its A shares, as part of its capital management strategy.
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