China Shenhua Energy Co (HK:1088) has released an update.
China Shenhua Energy Co. has received approval for its ambitious Dongsheng East to Taigemiao Railway project in Inner Mongolia, which spans over 97 kilometers and will serve as a crucial coal transportation route. The project, valued at approximately RMB 11.347 billion, will be funded through a combination of self-owned capital and bank loans, with construction expected to last 3.5 years. Investors should stay informed of the project’s progress and associated investment risks.
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