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2026-06-04 16:14:26 BOCI issued a report on YANKUANG ENERGY (01171.HK), which agreed to acquire New Energy Group from its parent company at a consideration of RMB15.57 billion. Meanwhile, YANKUANG ENERGY also agreed to acquire Shandong Energy Electricity Sales from its parent company for RMB845 million. The core business of the target assets is power generation. While the earnings yield is 6.5% based on the guaranteed profit, given YANKUANG ENERGY's relatively high gearing ratio, it will likely require external financing to complete the transaction. Therefore, the earnings enhancement is expected not to be significant. ~ AASTOCKS Financial News Website: www.aastocks.com | |