Zhengzhou Coal Mining Machinery Group to Acquire Further 16.61% Stake in Subsidiary for 699 Million Yuan

MT Newswires Live

2024/12/16

Zhengzhou Coal Mining Machinery Group (HKG:0564, SHA:601717) acquired a further 16.61% of the equity in ASIMCO Technologies (Nanjing) for 699.0 million yuan from certain transferors, a Friday Hong Kong bourse filing said.

Upon the completion of the transaction, the company will own a 100% stake in the target company. The company will source the acquisition through its own funds.

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