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The latest update is out from China Shenhua Energy Co ( (HK:1088) ).
China Shenhua Energy Co. has announced the acquisition of 100% equity interest in Hangjin Energy from China Energy for RMB852.6495 million. This strategic move will make Hangjin Energy a wholly-owned subsidiary, enhancing Shenhua’s operational capabilities and market position. The acquisition, classified as a connected transaction under Hong Kong Listing Rules, is significant due to the relationships and market implications involved. Upon completion, the acquisition will strengthen Shenhua’s portfolio, potentially impacting stakeholders positively.
More about China Shenhua Energy Co
China Shenhua Energy Company Limited is a leading integrated energy company in China, primarily engaged in the production and sale of coal and electricity. The company is a major player in the energy market, focusing on sustainable and efficient energy production.
YTD Price Performance: -4.19%
Average Trading Volume: 840
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $100.6B
Find detailed analytics on 1088 stock on TipRanks’ Stock Analysis page.
