Yankuang Energy Unit to Buy Rail Company From Affiliate

MT Newswires Live

2024/11/19

Yankuang Energy Group (HKG:1171, SHA:600188) unit Yankuang Logistics Technology will acquire Shandong Zikuang Railway Transportation from another unit, Shandong Energy Group Luxi Mining, for a little over 521.5 million yuan, a Monday Hong Kong bourse filing said.

Zikuang Railway engages mainly in public rail transport, road freight transportation, auxiliary railway transportation activities; and the retail and wholesale of refined oil.

Luxi Mining is 51% owned by Yankuang Energy Group, and 49% by its controlling shareholder Shandong Energy Group.

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