Summary by Futu AI
Meng Meng Energy Group Co., Ltd. announced on 1 March 2024 that it plans to acquire in cash the 52.66% shareholding of SMT Scharf AG for a total transaction amount of approximately EUR 3,216.95 million. The transaction does not constitute a related transaction or a major asset restructuring and is subject to the decision of the General Manager's Office and is not subject to review by the Board of Directors or the General Meeting. Upon completion of the transaction, Miner Energy will hold more than half of SMT Scharf AG and include it and its holding company under the combined reporting scope. This transaction will fund the Company's own funds and is subject to the approval of relevant government departments and the...Show More