Yankuang Energy Group Company Limited Class H (HK:1171) has released an update.
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Yankuang Energy Group Company Limited has announced a merger and acquisition with Highfield Resources Limited, aiming to become its largest shareholder through a share swap and cash subscription. The deal involves a strategic investment in Highfield, with proceeds aimed at developing the Muga Project, a major potash mine project in Spain. Yankuang Energy’s transaction includes injecting assets and participating in a targeted share issue, positioning them to control Highfield’s board.
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