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China Shenhua Energy Co ( (HK:1088) ) has shared an update.
China Shenhua Energy Company Limited announced the resolutions from its 12th meeting of the sixth session of the Board of Directors. The key decision involves the company’s intention to acquire equity interests in target companies held by China Energy Investment Corporation Limited and China Energy Western Energy Investment Co., Ltd. This acquisition will be facilitated through the issuance of A shares and cash payments, with the aim of raising supporting funds through the A share market. The Board confirmed that this transaction complies with relevant laws and regulations, indicating a strategic move to enhance the company’s asset portfolio and market position.
The most recent analyst rating on (HK:1088) stock is a Hold with a HK$28.00 price target. To see the full list of analyst forecasts on China Shenhua Energy Co stock, see the HK:1088 Stock Forecast page.
More about China Shenhua Energy Co
China Shenhua Energy Company Limited is a leading energy company in China, primarily engaged in coal production, power generation, railway, port, and shipping transportation. It is a significant player in the energy sector, focusing on integrated energy operations and services.
Average Trading Volume: 20,045,190
Technical Sentiment Signal: Buy
Current Market Cap: HK$800.8B
See more data about 1088 stock on TipRanks’ Stock Analysis page.
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