Zhitong Finance App News, China Shenhua (01088.HK) announced that on October 23, 2026, the board of directors reviewed and approved the acquisition. According to the “Equity Transfer Agreement”, Xinjiang Energy, a wholly-owned subsidiary of the company, plans to buy 50% of the shares of the coal-to-gas company held by Western Energy for about 618 million yuan in cash consideration. After the acquisition is completed, Xinjiang Energy will hold 100% of the shares in the Coal-to-Gas Company. The Coal-to-Gas Company will become an indirect wholly-owned subsidiary of the company and will be included in the scope of the company's consolidated financial statements.
Zhitongcaijing · 3d ago
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Zhitong Finance App News, China Shenhua (01088.HK) announced that on October 23, 2026, the board of directors reviewed and approved the acquisition. According to the “Equity Transfer Agreement”, Xinjiang Energy, a wholly-owned subsidiary of the company, plans to buy 50% of the shares of the coal-to-gas company held by Western Energy for about 618 million yuan in cash consideration. After the acquisition is completed, Xinjiang Energy will hold 100% of the shares in the Coal-to-Gas Company. The Coal-to-Gas Company will become an indirect wholly-owned subsidiary of the company and will be included in the scope of the company's consolidated financial statements.
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