FilingReader Intelligence
Yankuang Energy acquires 51% stake in Northwest Mining
July 12, 2025 at 05:22 AM UTC•By FilingReader AI
Yankuang Energy Group completed its acquisition of a 51% stake in Shandong Energy Group Northwest Mining, gaining majority control of the company.
The deal involved a cash acquisition of 26% equity for 4.748 billion yuan and a capital increase of 9.318 billion yuan. Zibo Mining Group holds the remaining 49% stake.
The transaction establishes Yankuang Energy as the controlling shareholder with a total investment exceeding 14 billion yuan.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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