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Beijing SinoHytec Unveils Acquisition Plan for Hydrogen Energy Firm
Hong Kong stock fluctuations | Yihua Tong (02402) opened over 10% higher, intending to issue shares to acquire Dingzhou Xuyang Hydrogen Energy. CHINA RISUN GP will become the controlling shareholder of the company.
Yihuatong (02402) opened more than 10% higher, and as of the time of writing, it has risen by 10.6%, trading at 34.95 Hong Kong dollars, with a turnover of 3.2801 million Hong Kong dollars.
Xuyang Group (01907) intends to engage in an Assets + Cash Trade to potentially acquire a controlling stake in Yihuatong (688339.SH, 02402), expanding its layout in the hydrogen Industry Chain.
After the Trade is completed, Xuyang Group will become the controlling Shareholder of Yihuatong.
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