(Bloomberg) -- China Shenhua Energy Co., the nation's
largest coal producer, is planning what may become China's
biggest share sale this year to raise as much as $6.3 billion for
expansion as demand for the fuel surges.
Shenhua plans to sell as many as 1.8 billion yuan-
denominated shares in Shanghai, it said in a statement to Hong
Kong's stock exchange late yesterday. The money will be used to
expand coal, power and transportation operations and for domestic
and overseas acquisitions, the Beijing-based company said.
Read more at Bloomberg Energy News
largest coal producer, is planning what may become China's
biggest share sale this year to raise as much as $6.3 billion for
expansion as demand for the fuel surges.
Shenhua plans to sell as many as 1.8 billion yuan-
denominated shares in Shanghai, it said in a statement to Hong
Kong's stock exchange late yesterday. The money will be used to
expand coal, power and transportation operations and for domestic
and overseas acquisitions, the Beijing-based company said.
Read more at Bloomberg Energy News
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