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China Shenhua Energy Co ( (HK:1088) ) just unveiled an update.
China Shenhua Energy Company Limited has announced a proposed acquisition of assets from its controlling shareholder, China Energy Investment Corporation Limited, through the issuance of A shares and cash payment. The transaction aims to integrate coal, pithead coal power, and coal chemical assets to enhance the company’s market position and improve asset quality. Trading of the company’s A shares has been suspended to ensure fair information disclosure and prevent abnormal price fluctuations. The transaction is expected to be a related party transaction and a notifiable transaction under Hong Kong Listing Rules, with trading of H shares continuing during the suspension.
The most recent analyst rating on (HK:1088) stock is a Hold with a HK$30.00 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 the production and sale of coal and power. The company is also involved in coal-to-liquid, coal-to-gas, and coal chemical operations, positioning itself as a significant player in the integrated energy sector.
Average Trading Volume: 20,361,759
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$801.8B
For a thorough assessment of 1088 stock, go to TipRanks’ Stock Analysis page.