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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.
Yihua Tong (02402.HK): No shareholder meeting will be held to discuss the issuance of shares for the purchase of Assets and the raising of matching funds.
On March 13, Glonghui reported that Yihuatong (02402.HK) announced it plans to acquire 100% of the equity of Dingzhou Xuyang Hydrogen Energy Co., Ltd. (hereinafter referred to as "Xuyang Hydrogen Energy" or "symbol"). The acquisition will be executed through the issuance of shares and the raising of supporting funds (hereinafter referred to as "this Trade"). After the completion of this Trade, Xuyang Hydrogen Energy will become a wholly-owned subsidiary of the company. According to relevant regulations, based on the overall work arrangement of this Trade, the company's Board of Directors has decided not to convene a shareholders' meeting for the time being and will announce a notice for the convening of the shareholders' meeting at a later date based on the progress of related work to submit the matter for the shareholders' meeting to review.
Yihuatong (688339.SH): plans to acquire 100% equity of Dingzhou Xuyang Hydrogen Energy.
On March 12, Gelonghui reported that Yihua Tong (688339.SH) announced that the listed company plans to purchase 100% equity of Zhengzhou Xuyang Hydrogen Energy from Xuyang Group by issuing shares and raising supporting funds. The final transaction price of the symbol Assets will be based on the assessment results issued by an asset appraisal agency that complies with the Securities Law, determined through full negotiation between both parties. The main Business of the symbol company includes the production and sales of high-purity hydrogen and synthetic ammonia, comprehensive Energy station Operation, as well as research and development and industrial application of green hydrogen preparation and liquid hydrogen storage and transportation systems, with its production and Operation related to the downstream demand for hydrogen Energy and synthetic ammonia.
GGII: It is expected that the shipment of Lithium Battery storage in Datacenters will have a compound annual growth rate of over 80% in the next five years.
GGII estimates that by 2027, the Global Datacenter energy storage Lithium Battery shipments will exceed 69 GWh, and this figure will grow to 300 GWh by 2030, with a compound annual growth rate of over 80% from 2024 to 2030.
Yihuaton (02402.HK): actively promoting the purchase of equity in Xuyang of Dingzhou and raising matching funds.
On March 5, Gelonghui announced that as of the date of this announcement, all relevant parties are still actively advancing the work related to the acquisition of equity in Danzhou Xuyang by issuing A shares and raising matching funds. The company expects that it will not be able to resume Trade starting from March 6, 2025 (Thursday). Given that the proposed Trade still has uncertainties, in order to ensure fair disclosure of information, protect investor rights, and avoid significant impact on A share prices, according to the relevant regulations of the Shanghai Stock Exchange and at the request of the company, Trading of A shares will continue to be suspended starting from March 6, 2025 (Thursday) for no more than five trading days.