China Shenhua Energy (01088) has completed the acquisition of 100% equity of Hangjin Energy.

China Shenhua Energy (01088) announced that it has completed the acquisition of 100% equity of Hangjin Energy Limited Liability Company (Hangjin Energy) from National Energy Group. On February 11, 2025, the company paid a total consideration of RMB 852.6495 million to National Energy Group for the acquisition. According to the Equity Transfer Agreement, the company has become the owner of the target of this acquisition, enjoys corresponding shareholder rights and assumes shareholder obligations, and National Energy Group will no longer have any rights to the target of this acquisition.