China's Shenhua (601088.SH) plans to acquire the relevant assets held by the State Energy Group and its wholly-owned subsidiary, Western Energy, for approximately 133.598 billion yuan.

Wisdom Finance News APP, China Shenhua (601088.SH) announced that the company plans to purchase 100% equity of Guoyuan Power, Xinjiang Energy, Chemical Company, Wuhai Energy, Pingzhuang Coal Industry, Shenyang Coal, Jinshen Energy, Baotou Mining, Shipping Company, Coal Sales Company, and Port Company held by the China National Energy Group through the issuance of A shares and cash payment. The company also plans to purchase 100% equity of Inner Mongolia Jiantou held by Western Energy in cash. At the same time, the listed company intends to issue A shares to raise matching funds from no more than 35 specific investors. The final total transaction price after adjustment is 133.598 billion yuan.