Yankuang Energy Group's (SHA:600188, HKG:1171) completed the acquisition of more than half of a German underground mining equipment manufacturer, according to a Sept. 20 disclosure on the Shanghai Stock Exchange.
The Chinese coal mining company bought 52.7% of SMT Scharf for 32.2 million euros.
Shares of the company jumped more than 4% in both Shanghai and Hong Kong bourses.
Price (HKD): $13.98, Change: $+0.55, Percent Change: +4.10%
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