China Shenhua completes acquisition of Hangjin Energy

China Shenhua Energy (SSE:601088) has completed its acquisition of 100% equity in Hangjin Energy Co., Ltd. from China National Energy Group. The acquisition, approved at the Sixth Session of the Sixth Board of Directors, was finalized following a share transfer agreement signed on January 24, 2025. China Shenhua paid RMB 852.65 million for the shares on February 11, 2025. With the payment completed, China Shenhua assumes full ownership, rights, and responsibilities associated with Hangjin Energy shares. China National Energy Group no longer holds any rights to Hangjin Energy. The company plans to adhere to all relevant laws, regulations and fulfill future disclosure obligations.