The latest announcement is out from Yankuang Energy Group Company Limited Class H ( (HK:1171) ).
Yankuang Energy Group Company Limited has announced a series of connected transactions involving its subsidiary Luxi Mining and Linyi Mining Group. These agreements, effective from March 28, 2025, outline the sharing of non-planning expenses among Luxi Mining and its subsidiaries, Liangbaosi Energy, Xinjulong Energy, and Heze Coal Electricity. The transactions are structured to distribute expenses on a pro-rata basis and are considered connected transactions under the listing rules, which require reporting and announcement but are exempt from shareholder approval. This strategic move is expected to streamline financial responsibilities and enhance operational efficiency within the company’s subsidiaries.
More about Yankuang Energy Group Company Limited Class H
Yankuang Energy Group Company Limited is a joint stock company incorporated in the People’s Republic of China, operating primarily in the energy sector. The company is involved in mining and energy production, with a focus on 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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