Yankuang Energy Group's (SHA:600188, HKG:1171) completed the acquisition of more than half of a German underground mining equipment manufacturer, according to a Sept. 20 disclosure on the Shanghai Stock Exchange.
The Chinese coal mining company bought 52.7% of SMT Scharf for 32.2 million euros.
Shares of the company jumped more than 4% in both Shanghai and Hong Kong bourses.
Price (HKD): $13.98, Change: $+0.55, Percent Change: +4.10%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments