Yankuang Energy (01171) Rises Nearly 3% as Subsidiary Plans to Acquire Full Stake in Advanced Support Company for RMB 345 Million

Stock News

Dec 02

Yankuang Energy (01171) rose nearly 3%, reaching HK$10.48 by the time of writing, with a trading volume of HK$105 million. The company announced that on November 27, 2025, its wholly-owned subsidiary, Donghua Heavy Machinery, signed a share transfer agreement with Shandong Energy Equipment Group and Advanced Support Company. Under the agreement, Donghua Heavy Machinery will acquire a 100% stake in Advanced Support Company for a total consideration of RMB 345 million. Upon completion of the transaction, Yankuang Energy will indirectly hold full ownership of Advanced Support Company, making it a wholly-owned subsidiary. The move aims to eliminate business competition and align with the company's strategic development. Advanced Support Company operates in the same sector as Donghua Heavy Machinery, creating competitive overlap. The acquisition is expected to resolve this issue while accelerating Yankuang Energy's integrated equipment manufacturing layout, advancing intelligent coal mine construction, and supporting safe, efficient mining operations for high-quality development.

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The acquisition is expected to resolve this issue while accelerating Yankuang Energy's integrated equipment manufacturing layout, advancing intelligent coal mine construction, and supporting safe, efficient mining operations for high-quality development.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1538","symbol_name":"煤炭股","start_time":0,"source_url":"","article_id":"1112983183","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112983183","pubTimestamp":1764645256,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Yankuang Energy (01171) rose nearly 3%, reaching HK$10.48 by the time of writing, with a trading volume of HK$105 million. 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