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Kinetic Development Group's (HKG:1277) 58% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
Kinetic Development's Ningxia Coal Mine Commences Trial Operations
Kinetic dev (01277.HK): Yong'an coal mine enters joint trial operation phase
Gelonghui November 11th | Kinetic dev (01277.HK) announced that the Yong'an coal mine ("Yong'an Coal Mine") owned by Ningxia Power Mining Co., Ltd., a wholly-owned indirect subsidiary of the company located in Ningxia Hui Autonomous Region, officially entered joint trial operation on November 8, 2024, and is expected to reach full production by 2026. The Yong'an coal mine spans approximately 6.5 kilometers north to south and 3.6 kilometers east to west, with a mine area of approximately 21.7 square kilometers. The Yong'an coal mine produces various types of coal, including coking coal, 1/3 coking coal, and fat coal, with a designed annual production capacity of approximately 1.2 million tons. As of the date of this announcement,
Kinetic Development Group's Subsidiary to Acquire Two Real Estate Companies From Zhuhai Seedland
Kinetic dev (01277.HK) intends to acquire 100% equity of Maoming Shengda and Maoming Shengcheng respectively.
Glory Times November 4th, The company's indirect wholly-owned subsidiary, Kinetic Dev (01277.HK), announced that on November 1, 2024, it entered into the Maoming Equity Transfer Agreement with Qinhuangdao Power and Zhuhai Reality (including). Qinhuangdao Power agreed to acquire and Zhuhai Reality agreed to sell 100% equity of Maoming Shengda and Maoming Shengcheng respectively, for a total consideration of RMB 70 million. Qinhuangdao Power will pay the RMB 12.25 million income tax payable for the Maoming acquisition by Zhuhai Reality, which will be deducted from the total consideration of RMB 70 million, therefore the payable consideration for the Maoming acquisition is RMB 57 million.
Express News | Kinetic Development - Kinetic (Qinhuangdao) Energy Group to Acquire Maoming Shengda Real Estate & Maoming Shengcheng Real Estate for RMB70 Mln
Kinetic Development Group Limited (HKG:1277) Soars 26% But It's A Story Of Risk Vs RewardNo Data
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