On July 31, YANKUANG ENERGY fell 3.32% in regular trading, trading at HKD 11.85/share, with turnover of HKD 40.61 million.

On the news front, the company held an extraordinary general meeting on July 29 at which all 10 resolutions were approved, including the cash acquisition of 100% equity in Shandong Energy Group New Energy Group and Shandong Energy Power Sales Co. from its controlling shareholder for approximately RMB 16.415 billion. The new energy group was appraised at RMB 15.57 billion in total equity value. With 1,554 shareholders attending, the resolutions passed with shares representing 28.33% of total voting rights.

The stock had previously rallied sharply — hitting the daily limit up on July 20 and gaining another 6.78% on July 22 — pricing in the acquisition expectations ahead of approval. With the positive catalyst now materialized, profit-taking pressure continues to weigh on shares. The broader coal sector is also trading weak, with CHINA SHENHUA down 1.6%, CHINA COAL down 1.83%, and KINETIC DEV down 1.72%, further suppressing sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)