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Zhengzhou Coal Mining Machinery Group to Acquire Further 16.61% Stake in Subsidiary for 699 Million Yuan
Zhengzhou Coal Mining Machinery Group (00564.HK) spent 0.699 billion yuan to acquire the remaining 16.6% stake in Yaxinke Nanjing.
Zhengzhou Coal Mining Machinery Group (00564.HK) announced a related Trade, acquiring the remaining 16.6081% equity of Yaxin Technology Nanjing to achieve full ownership, aiming to enhance resource allocation efficiency and accelerate Yaxin Technology Nanjing's transition to the New energy Fund Auto Parts Business, with a total cash consideration of 0.699 billion RMB.
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Zhengzhou Coal Mining Machinery Group: plans to acquire a total of 16.6081% equity in Yaxin Technology Nanjing.
On December 13, Gelonghui reported that Zhengzhou Coal Mining Machinery Group (601717.SH) announced that on December 13, 2024, the company would hold the tenth meeting of the sixth Board of Directors and the ninth meeting of the sixth Supervisory Board. They reviewed and approved the proposal regarding the acquisition of part of the equity of the controlling subsidiary Yaxinke Industrial Technology (Nanjing) Co., Ltd. and the related party transaction, agreeing to use the company's own funds of 698,985,650.96 yuan (including tax) to acquire a total of 16.6081% of the equity of Yaxinke Nanjing held by other shareholders (corresponding to the registered capital of Yaxinke Nanjing is 238,989.
Hong Kong stock concept tracking | Domestic excavator sales are better than cme expectations. Under the background of domestic demand expansion, the valuation of the construction machinery sector is undergoing a repair (with related concept stocks attache
In November 2024, the domestic sales of excavators increased by 20.5% year-on-year, continuing to grow, better than cme expectations.
JPMorgan Expands Energy-Transition Efforts to Add Coal Deals
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