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China Shenhua Energy Co ( (HK:1088) ) has shared an announcement.
China Shenhua Energy Company Limited announced its intention to issue A shares and pay cash to acquire assets from its controlling shareholder, China Energy Investment Corporation. This transaction, which includes coal and coal-related assets, aims to raise supporting funds and is classified as a related transaction under applicable laws. The company’s A shares were temporarily suspended from trading but have since resumed, indicating a strategic move to bolster its asset base and financial standing.
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 prominent player in the energy sector, primarily focusing on coal production, coal-fired power generation, and coal-to-liquid and coal-to-gas conversions. The company is a subsidiary of China Energy Investment Corporation and is a significant entity in the Chinese energy market.
Average Trading Volume: 14,087,251
Technical Sentiment Signal: Buy
Current Market Cap: HK$924.5B
For detailed information about 1088 stock, go to TipRanks’ Stock Analysis page.