On August 15, China Shenhua Energy Company Limited (601088/01088) issued an announcement regarding its plan to acquire coal, pit-head coal power, and coal-to-oil, coal-to-gas, and coal chemical assets held by its controlling shareholder, National Energy Investment Group Co., Ltd., through a combination of share issuance and cash payment, while raising supporting funds in the A-share market. The company's shares were suspended from trading on August 4, 2025, and will resume trading on August 18, 2025.
The announcement stated that the company held a board meeting on August 15, 2025, which approved proposals related to this transaction. The transaction plan requires re-examination by the board of directors and approval from the shareholders' meeting, and must also obtain approval from relevant regulatory authorities, creating uncertainties in the process.
In the first quarter of 2025, China Shenhua achieved revenue of 69.585 billion yuan and net profit attributable to the parent company of 11.949 billion yuan.