China Shenhua Energy advances major asset acquisition from controlling shareholder

China Shenhua Energy Company Limited is progressing with a proposed transaction to acquire assets such as coal, pithead coal power, coal-to-liquid, coal-to-gas, and coal chemicals from its controlling shareholder, China Energy Investment Corporation Limited. The deal involves the issuance of A shares and cash payments, and the company also plans to raise supporting funds through further A share issuance. This transaction, classified as a related transaction, is not expected to constitute a major asset restructuring or change in the company's actual controller.

The company's A shares were suspended from trading on August 4, 2025, and resumed on August 18, 2025. On August 15, 2025, the board and supervisory committee approved the proposal for share issuance, asset acquisition, and fundraising. Intermediaries have begun due diligence, and audit and valuation processes are ongoing.

Implementation of the transaction is subject to multiple conditions, including further board and general meeting approvals, as well as review by the Shanghai Stock Exchange, registration approval from the China Securities Regulatory Commission, and consent from other regulatory authorities. Investors are advised to carefully review the detailed explanation of risk factors and approval procedures associated with the transaction, as disclosed on August 16, 2025.