Core Viewpoint - Yanzhou Coal Mining Company Limited (兖矿能源) has announced a significant acquisition that aims to eliminate competition within its operations and enhance its strategic development in the equipment manufacturing sector [1] Group 1: Acquisition Details - Yanzhou Coal's wholly-owned subsidiary, Donghua Heavy Industry, has signed a share transfer agreement with Shandong Energy Equipment and High-end Support Company to acquire 100% of the latter's shares for a total consideration of RMB 345 million [1] - Upon completion of the share transfer, Yanzhou Coal will indirectly hold 100% of High-end Support Company, which will become a wholly-owned subsidiary of the company [1] Group 2: Strategic Implications - The share transfer is aimed at avoiding competition between High-end Support Company and Donghua Heavy Industry, as their business operations are similar [1] - This acquisition is expected to accelerate the company's integrated layout in the equipment manufacturing industry and support the intelligent construction of coal mines, contributing to safe and efficient coal mining and high-quality development [1]
港股异动 | 兖矿能源(01171)涨近3% 近日附属拟3.45亿元收购高端支架公司全部股权