Yankuang Energy Group Company Limited Class H (HK:1171) has released an update.
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Yankuang Energy Group is set to fully acquire Zikuang Railway from Luxi Mining for RMB 521.539 million, making Zikuang Railway a wholly-owned subsidiary. This strategic acquisition aligns with Yankuang’s expansion plans and enhances its logistics capabilities. The transaction, while subject to certain listing rules, has received necessary internal approvals.
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