China Shenhua (601088.SH) plans to acquire relevant assets held by National Energy Group and its wholly-owned subsidiary Western Energy for 133,598 billion yuan

Zhitong Finance App News, China Shenhua (601088.SH) announced that the company plans to purchase 100% of Guoyuan Electric Power's shares, 100% of the shares of Xinjiang Energy, 100% of the shares of the chemical company, 100% of the shares of Wuhai Energy, 100% of the shares of Pingzhuang Coal, 41% of Shenyan Coal, 49% of Jinshen Energy, 100% of the shares of the shipping company, 100% of the shares in the port company, and 100% of the shares in the port company through the issuance of A shares and cash payment. Energy holds 100% of Inner Mongolia Construction Investment's shares; at the same time, the listed company plans to issue A shares to no more than 35 specific investors to raise supporting capital. After the adjustments, the final overall transaction consideration was $133,598 billion.

Among them, the overall asset payment and cash payment ratios for issued shares were 30% and 70%. The transaction involved a total of 12 target companies. The business covers various fields such as coal, Kengkou coal and electricity, coal chemicals, etc., which is conducive to increasing the production capacity and resource reserve scale of listed companies, further optimizing the layout of the entire industry chain, and creating favorable conditions for promoting clean production, optimizing capacity matching, and improving profitability.

Through this transaction, China Shenhua's coal reserves will increase to 68.49 billion tons, with a growth rate of 64.72%; coal reserves will increase to 34.5 billion tons, with a growth rate of 97.71%; coal production will increase to 512 million tons, with a growth rate of 56.57%; China Shenhua's basic earnings per share after deducting non-recurring profit and loss in 2024 will increase to 3.15 yuan/share, an increase of 6.10%. Basic earnings per share after deducting non-recurring profit and loss from January to July 2025 will increase to 1.54 yuan/share, an increase of 4.40%.