Coal Miner China Shenhua Gets OK for $19 Billion of Acquisitions
Chinese regulators have approved a plan for the country’s biggest coal miner to acquire 133.6 billion yuan ($19 billion) of assets from its parent firm, a move aimed at cushioning...
By John Liu, Kathy Chen · Bloomberg
Chinese regulators have approved a plan for the country’s biggest coal miner to acquire 133.6 billion yuan ($19 billion) of assets from its parent firm, a move aimed at cushioning the company as coal consumption starts to plateau.