China Shenhua Energy to acquire assets from controlling shareholder

China Shenhua Energy Company Limited is proceeding with a major transaction to acquire assets from its controlling shareholder, China Energy Investment Corporation Limited. The acquisition will involve issuing A shares and making cash payments for assets including coal, pithead coal power, coal-to-liquid, coal-to-gas, and coal chemicals. The company also aims to raise supporting funds through additional A share issuances. This transaction is subject to various approvals, including from the Shanghai Stock Exchange and China Securities Regulatory Commission.

The company's A shares were temporarily suspended from trading on August 4, 2025, resuming on August 18, 2025, after the board approved the acquisition proposal. Intermediaries are currently conducting due diligence, audit, and valuation work. The implementation remains contingent on several conditions, including further board and general meeting approvals, and regulatory registrations.

In a separate announcement, China Shenhua Energy will hold a board meeting on October 24, 2025, to consider and approve the company's results for the nine months ended September 30, 2025. Both announcements were made under the authority of chief financial officer and secretary to the board, Song Jinggang.