China Shenhua completes acquisition of Hangjin Energy

China Shenhua Energy Company Limited (SSE:601088) announced the completion of its acquisition of 100% equity in Hangjin Energy Co., Ltd. from China National Energy Investment Group, after receiving regulatory approval. The acquisition, initially approved at the sixth meeting of China Shenhua's sixth board of directors, was formalized with an equity transfer agreement signed on January 24, 2025. The transfer was based on the assessed value of Hangjin Energy's total equity as of the valuation base date of August 31, 2024. With the completion of the necessary business registration changes confirmed by the Ordos City Hangjin Banner Market Supervision Administration on February 24, 2025, China Shenhua is now officially registered as the sole owner of Hangjin Energy.