Yankuang energy expands equipment making with $344.8m bracket manufacturer acquisition

Yankuang Energy Group Company Limited’s wholly-owned subsidiary, Yankuang Donghua Heavy Industry Co., Ltd. will acquire 100% equity in Shandong Energy Equipment Group High-End Bracket Manufacturing Company Limited from Shandong Energy Group Heavy Equipment Manufacturing (Group) Co., Ltd. for $344.8 million.

The transaction, approved by Yankuang Energy’s board on November 27, 2025, constitutes a related party transaction. The acquisition price is based on an asset-based valuation of $344.8 million as of April 30, 2025, a 14.15% increase over the book value of $302.09 million.

This move is expected to eliminate horizontal competition, integrate equipment manufacturing, reduce related party transactions, and optimize overall efficiency. High-End Bracket Company, established on December 8, 2022, specializes in mining machinery manufacturing. As of September 30, 2025, it reported total assets of $1.78 billion and net profit of $2.71 million for the first nine months of 2025.