HK Stock Market Move | Yankuang Energy Group (01171) rose by nearly 3% recently, with its subsidiary planning to acquire all equity of a high-end bracket company for 3.45 billion yuan.

Yankuang Energy Group (01171) rose nearly 3%, as of the time of writing, it rose by 2.04% to HKD 10.48, with a turnover of HKD 105 million. On the news front, Yankuang Energy Group announced that on November 27, 2025, its wholly-owned subsidiary Donghua Heavy Industry and Shanneng Equipment and High-end Bracket Company signed a equity transfer agreement. According to the equity transfer agreement, Donghua Heavy Industry agreed to acquire 100% equity of Shanneng Equipment held by Shanneng Equipment, with a total transfer price of RMB 345 million. After the equity transfer is completed, the company will indirectly hold 100% equity of Shanneng Equipment, making Shanneng Equipment a wholly-owned subsidiary of the company. The announcement stated that in order to avoid industry competition and implement development strategies, the equity transfer can effectively solve industry competition between Shanneng Equipment and Donghua Heavy Industry, and will accelerate the company's equipment manufacturing integrated layout, promote the intelligent construction of coal mines, and provide strong support for the safe, efficient and high-quality development of coal mines.