Yankuang Energy's wholly-owned subsidiary Donghua Heavy Industry agreed to acquire 100% equity of High-End Support Company from Shanneng Equipment for CNY 345 million, to resolve competition and integrate equipment manufacturing.
Yancoal International Holding Co., Ltd., a subsidiary of Yankuang and Shandong Energy Group, acquired a 51% equity stake in CFH GmbH, a German developer of intelligent ventilation and environmental technologies.
Lighthouse Paint (Tianjin Lighthouse Paint Co., Ltd.) has won a contract worth over CNY 20 million to supply paint and coatings to Yankuang Energy Group's subsidiaries across China. The contract covers four bidding sections for various coating products.
Yankuang Energy Group completed the acquisition of a 52.66% stake in German mining equipment manufacturer SMT Scharf AG for €32.17 million, gaining entry into the European market.
Yankuang Energy (600188.SH) announced a cash acquisition of 52.66% of SMT Scharf AG, a German manufacturer of underground monorail auxiliary transport equipment, for approximately €32.17 million.