Yankuang Energy Group Company Limited Class H (HK:1171) has released an update.
Yankuang Energy Group Company Limited has announced a series of ongoing connected transactions involving labour, services, and bulk commodities agreements with Shandong Energy Group, its controlling shareholder. The company plans to revise existing agreements and set new annual caps for financial years ending December 2024 and 2025, subject to independent shareholder approval. An extraordinary general meeting will be convened for shareholders to review and approve these agreements and their respective transaction caps.
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