Yankuang Becomes New Strategic Core Shareholder of SMT Scharf AG

Hamm, September 19, 2024 – SMT Scharf AG has announced the successful completion of Yankuang Energy Group Company's acquisition of approximately 52.66% interest in SMT Scharf AG. The transaction was closed in accordance with the terms of the previously signed share purchase agreements. The purchase price was set at EUR 11.10 per share, subject to specific adjustments.

Yankuang Energy Group, based in Shandong Province, China, focuses on mining, high-end chemicals, new materials, new energy, high-end equipment manufacturing, and intelligent logistics. As a significant player in the Chinese energy sector, Yankuang operates across four major listing platforms in China and internationally.