China Shenhua Energy (SHA:601088, HKG:1088) finalized the issuance of 1.36 billion new shares priced at 29.40 yuan each to acquire 12 energy assets from controlling shareholder National Energy Group, according to a Wednesday filing with the Shanghai bourse.
Citic Securities serves as independent financial adviser.
Shares of the power company were down 2% in recent trade on the Shanghai bourse.
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