Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from China Shenhua Energy Co ( (HK:1088) ) is now available.
China Shenhua Energy Co., Ltd. has announced the approval of a proposal to acquire a 7.43% equity interest in China Energy Finance Co., Ltd. from its subsidiaries, including ShuoHuang Railway, Zhunge’er Energy, and Baoshen Railway. This acquisition, valued at approximately RMB 2.93 billion, will alter the shareholding structure of the Finance Company to 60% held by China Energy Investment Corporation Limited and 40% by China Shenhua. This strategic move is expected to strengthen China Shenhua’s financial capabilities and enhance its positioning in the energy sector.
The most recent analyst rating on (HK:1088) stock is a Hold with a HK$35.00 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 Co., Ltd. is a leading energy company in China, primarily involved in coal production, power generation, and railway transportation. The company is a significant player in the energy sector, focusing on integrating coal, power, and transportation to enhance its market presence.
Average Trading Volume: 25,794,339
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$834B
Find detailed analytics on 1088 stock on TipRanks’ Stock Analysis page.