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The latest announcement is out from China Shenhua Energy Co ( (HK:1088) ).
China Shenhua Energy Company Limited announced its plan to issue A shares and pay cash to acquire assets from its controlling shareholder, China Energy Investment Corporation Limited. This transaction aims to enhance the company’s asset base and raise supporting funds, although it is not expected to constitute a major asset restructuring or change in control. The company’s A shares were temporarily suspended but resumed trading after the proposal was approved by the board and supervisory committee.
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 Company Limited is a major player in the energy sector, primarily involved in coal production and operations related to coal power, coal-to-liquid, coal-to-gas, and coal chemicals. The company is focused on leveraging its assets in collaboration with its controlling shareholder, China Energy Investment Corporation Limited.
Average Trading Volume: 16,454,848
Technical Sentiment Signal: Buy
Current Market Cap: HK$821.8B
See more data about 1088 stock on TipRanks’ Stock Analysis page.