China Shenhua Energy Company (SEHK: 1088, SSE:601088) (Traditional Chinese:中國神華能源公司, Simplified Chinese: 中国神华能源公司) (in short form China Shenhua orShenhua) is the largest coal mining state-owned enterprisein Mainland China, and the second largest coal mining enterprise in the world, just after the Peabody Energy in theUnited States.[1]It is a subsidiary of Shenhua Group.[2] It is engaged in the production and sales of coal and the generation and sales of power in the PRC. It operates coal mines as well as an integrated railway network and aseaport that are primarily used to transport its coal. It also operates power plants in the PRC which are engaged in the generation and sales of coal-based power to provincial andregional electric companies.
On August 15, 2005, China Shenhua Energy joined Hang Seng China Enterprises Index Constitute Stock.
On August 23, 2007, China Shenhua Energy announced that it will issue not more than 1.8 billion A share to provide rooms for its parent company, China Shenhua Group, to inject the capital into it for its long-term development.
On October 9, 2007, China Shenhua Energy listed A share in the Shanghai Stock Exchange. The closed price at the first trading day was RMB$69.3, 87% higher than its IPOprice, RMB$36.99.
On November 7, 2007, Hang Seng Index Services Company announced that China Shenhua would have been Hang Seng Index Constituent Stock since December 10, 2007.
No comments:
Post a Comment