China Shenhua (601088.SH) plans to acquire a 7.43% stake in a financial company for 2.929 billion yuan.

Zhixin Finance APP News, China Shenhua (601088.SH) announced that the company plans to use its own funds to acquire a total of 7.43% of the equity of China Energy Group Finance Co., Ltd. ("Finance Company") held by its holding subsidiaries Shuohuang Railway Development Co., Ltd. ("Shuohuang Railway"), Shenhua Zhunge'er EnergyCo., Ltd. ("Zhunge'er Company") and Guoneng Baoshen Railway Co., Ltd. ("Baoshen Railway") through non-public agreement transfer. The total transaction price is 2.929 billion yuan. After the acquisition, the equity structure of the Finance Company will change to the China Energy Investment Group Co., Ltd. holding 60% and the company holding 40%.