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China Shenhua Energy Co ( (HK:1088) ) just unveiled an update.
China Shenhua Energy Co plans to participate in a RMB15 billion capital injection into its group finance company alongside controlling shareholder China Energy, with Shenhua contributing RMB6 billion and China Energy RMB9 billion in cash. The move, which will raise the finance company’s registered capital from RMB17.5 billion to RMB32.5 billion while keeping existing shareholding ratios unchanged, is classified as a connected transaction under Hong Kong listing rules and will require reporting and announcement but not independent shareholder approval, highlighting an effort to strengthen group financial resources and internal funding capacity without altering control structures.
The most recent analyst rating on (HK:1088) stock is a Sell with a HK$29.60 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 is a major integrated energy company in China, primarily engaged in the production and sale of coal and power, as well as related transportation and ancillary services. Listed in Hong Kong, it operates within the broader China Energy group, with its financial and treasury activities partly conducted through a group finance company that serves its capital and liquidity needs.
Average Trading Volume: 12,955,165
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$858.2B
For an in-depth examination of 1088 stock, go to TipRanks’ Overview page.