According to an announcement by China Energy Investment Corporation, the asset restructuring of major Chinese coal mining company China Shenhua Energy Co., Ltd was successfully completed on March 16, with the shares being registered at China Securities Depository and Clearing Corporation Limited Shanghai Branch. Accordingly, the transaction involved China Shenhua's acquisition of equity stakes in 12 core subsidiaries from its controlling shareholder, CHN Energy, for a total consideration of RMB 133.598 billion ($19.4 billion).
Following the completion of the transaction, China Shenhua Energy’s coal resource reserves increased from 41.58 billion mt to 68.49 billion mt, increasing by 64.72 percent. Meanwhile, recoverable coal reserves rose from approximately 17.45 billion mt to 34.5 billion mt, marking a substantial increase of 97.71 percent. In addition, annual coal production is anticipated to reach 512 million mt, up 56.57 percent.
