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An announcement from China Shenhua Energy Co ( (HK:1088) ) is now available.
China Shenhua Energy Co., Ltd. announced the approval of its acquisition of 100% equity interest in Hangjin Energy from China Energy Investment Corporation for RMB 852.6495 million. This strategic move is expected to enhance China Shenhua’s operational capacity and market influence within the energy sector, providing a boost to its existing portfolio and offering potential growth opportunities for stakeholders.
More about China Shenhua Energy Co
China Shenhua Energy Co., Ltd. is a major player in the energy industry, primarily involved in the production and sale of coal and electricity. With its operations based in China, it focuses on energy investments and acquisitions to strengthen its market positioning.
YTD Price Performance: -4.19%
Average Trading Volume: 840
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $100.6B
See more insights into 1088 stock on TipRanks’ Stock Analysis page.
