China Shenhua (01088) plans to spend approximately RMB 618 million to acquire a 50% equity stake in a coal-to-gas company.

Zhitong Finance APP News, China Shenhua (01088) announced that on October 23, 2026, the board of directors has reviewed and approved this acquisition. According to the Equity Transfer Agreement, the company's wholly-owned subsidiary Xinjiang Energy intends to acquire, for a cash consideration of approximately RMB 618 million, a 50% equity interest in the coal-to-gas company held by Western Energy. Upon completion of this acquisition, Xinjiang Energy will hold 100% equity interest in the coal-to-gas company, and the coal-to-gas company will become an indirectly wholly-owned subsidiary of the company and be included in the scope of the company's consolidated financial statements.