Glonghui June 3 | Sunshine Oil Sands (2012.HK) rose 100% to HK$0.68 during the intraday period, and its stock price hit a new high since September 2023. Sunshine Oil Sands entered into an unbound memorandum of understanding to acquire its wholly-owned subsidiary (mainly a company engaged in shallow geothermal high temperature heat pumps) from Nobao Energy Holdings. It is expected to issue common shares to pay consideration, but the amount of consideration has not yet been determined. Sunshine Oil Sands said that the target company's mastery of technology will have a revolutionary impact on the current traditional oil sands mining methods in the North American market and help the company enhance its competitiveness in the North American market in the future.
港股异动丨阳光油砂暴涨价格翻倍，拟发股支付收购浅层地热高温热泵技术公司
Changes in Hong Kong stocks 丨 The price of the Sunshine Oil Sands Storm doubled, and it is proposed to pay shares to buy a shallow geothermal high temperature heat pump technology company
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