Monday, July 2, 2007

China Shenhua Energy Plans to Raise $6.28 Billion in Shanghai Share Sale

(Bloomberg) -- China Shenhua Energy Co., the nation's
largest coal producer, may raise HK$49.1 billion ($6.28 billion)
by selling shares in Shanghai to finance expansion.

The Beijing-based company plans to sell as many as 1.8
billion yuan-denominated A shares, it said in a statement to Hong
Kong's stock exchange late yesterday.


Read more at Bloomberg Energy News

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