China Shenhua acquires Hangjin Energy for undisclosed sum

China Shenhua Energy (SSE:601088) announced the acquisition of 100% of Hangjin Energy from its parent company, China National Energy Group. The deal, approved by China Shenhua's board, will be based on Hangjin Energy's assessed equity value as of August 31, 2024. The share purchase agreement was signed on January 24, 2025, in Beijing. Further details of the transaction, including the final purchase price, were not disclosed. China Shenhua has committed to providing updates as the acquisition progresses, including details regarding closing and regulatory filings. Investors are cautioned to be aware of investment risks.