Lates News

On the evening of August 15, China Shenhua disclosed a restructuring plan, proposing to acquire 100% equity of Guoyuan Electric Power, Xinjiang Energy, Chemical Company, Wuhai Energy, Pingzhuang Coal Industry, Shenyang Coal with 41% equity, Jinshen Energy with 49% equity, Baotou Mining, Shipping Company, Coal Marketing Company, E-commerce Company, Port Company through the issuance of A-shares and payment in cash. The price of this transaction has not been determined yet. At the same time, the company plans to issue A-shares to raise funds from up to 35 specific investors. The company's A-shares will resume trading on August 18. After this transaction is completed, China Shenhua will further enhance its integrated operational advantages and expand its main business scale.