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China Shenhua Energy

China Shenhua Energy Co was incorporated in Beijing in 2004, and listed H shares in Hong Kong in June 2005, and A shares in Shanghai in 2007. China Shenhua’s main business includes production and sale of coal, railway and port transportation of coal-related materials, as well as power generation and sales. China Shenhua, with the largest coal reserves, is largest coal supplier and vendor in China. 

The listed flagship companies of state-owned coal giant Shenhua Group and power major China Guodian Group have proposed to merge their coal-fired power assets, worth over US$9.05 billion. The merged entity will be known as China Energy Group. Photo: Reuters

China Shenhua and GD Power plan merger of coal assets

The listed flagship companies of state-owned coal giant Shenhua Group and power major China Guodian Group have proposed to merge their coal-fired power assets, worth over 60 billion yuan (US$9.05 billion).