China Shenhua Energy Company Limited (601088.SH) announced that the company plans to acquire assets through issuing A-shares and cash payments. The acquisition targets include 100% equity stakes in Guoyuan Power, Xinjiang Energy, Chemical Company, Wuhai Energy, Pingzhuang Coal Industry, Baotou Mining, Shipping Company, Coal Marketing Company, E-commerce Company, and Port Company held by National Energy Group, along with 41% equity in Shenyan Coal and 49% equity in Jinshen Energy. Additionally, the company will acquire 100% equity in Inner Mongolia Construction Investment held by Western Energy through cash payment. Simultaneously, the listed company plans to issue A-shares to no more than 35 specific investors to raise supporting funds.
Prior to this transaction, China Shenhua Energy Company Limited operated as a leading global comprehensive energy listed company based on coal, primarily engaging in six major business segments: coal, power generation, railway, port, shipping, and coal chemical industries. Starting from coal mining operations and utilizing its own transportation and sales networks, the company has developed downstream power and chemical industries, implementing a cross-industry, cross-sector vertically integrated development and operation model.
As the asset integration and listing platform for "coal, power (pithead coal-fired power), transportation, and chemical" assets under National Energy Group, China Shenhua Energy Company Limited will further integrate coal mining, pithead coal-fired power generation, coal chemical, and logistics service business segments through this transaction. This will significantly increase the listed company's resource reserve scale and core business capacity, further optimize the full industrial chain layout, and create favorable conditions for promoting clean production, reducing operating costs, and enhancing sustainable profitability. The transaction will help the company reduce transaction costs, optimize capacity matching, and improve overall profitability, thereby achieving strategic value that exceeds simple business combination with "1+1>2" effects.
Upon completion of this transaction, China Shenhua Energy Company Limited will further strengthen its integrated operational advantages, expand its main business scale, and enhance the quality of the listed company, promoting the concentration of high-quality resources toward the listed company. The company will further consolidate its position as a leading global comprehensive energy listed company and play a more crucial supporting role in serving national energy security strategies and leading high-quality development in the coal industry.
Following application to the Shanghai Stock Exchange, the company's A-shares will resume trading from market opening on Monday, August 18, 2025.