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Xuyang Group Completes Acquisition of Binhai Energy on June 25, Integrating New Energy Operations

2026-06-26 11:41:29

According to Zhitong Finance, Xuyang Holding completed the transfer of Binhai Energy shares to Xuyang Group on June 25, 2026. Binhai Energy (000695.SZ) announced that its controlling shareholder has been formally changed to Xuyang Group Limited, a wholly-owned subsidiary of Hong Kong-listed China Xuyang Group (01907). The transaction represents internal equity restructuring within the same controlling entity; the ultimate controller remains unchanged. Following the acquisition, Xuyang Group's dual-listing strategy of Hong Kong-based overall development and A-share-focused new energy operations is now in effect, establishing a three-pillar industrial layout combining coke, chemicals, and new energy operations.

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