China Shenhua Energy Co (HK:1088) has released an update.
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China Shenhua Energy’s controlling shareholder, China Energy, aimed to increase its stake in the company through its subsidiary, but was unable to reach its minimum target due to share price limits. Despite this, China Energy’s overall holdings slightly increased to 69.5789% of the company’s total shares. The legal verification confirmed compliance with relevant regulations in this attempt to bolster its investment.
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