YANKUANG ENERGY initially rose nearly 8%, with the highest bid for the transfer of Xintai Coal at 3.05 billion RMB
YANKUANG ENERGY (01171.HK) opened 1.33% higher this morning (4th), with the initial increase expanding, reaching a high of HKD 12.2. It is currently reported at HKD 12.14, up 7.91%, with a trading volume of 35.2239 million shares, involving HKD 420 million.
The company previously listed the 100% equity of its wholly-owned subsidiary Xintai Coal for transfer. As of the end of the listing period (i.e., January 27), there were more than two interested buyers, and the online bidding trading system showed the highest bid was RMB 3.05 billion
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