China Shenhua Plans to Acquire Controlling Shareholder Assets, Trading to Resume on August 18

Deep News
Aug 17

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10