According to the announcement of the China Energy Investment Corporation, the asset restructuring of the large Chinese coal mining company China Shenhua Energy Co., Ltd was successfully completed on March 16, and the shares are registered with the Shanghai branch of China Securities Depository and Clearing Corporation Limited. Accordingly, the deal included China Shenhua's acquisition of stakes in 12 major subsidiaries from its controlling shareholder CHN Energy for a total of 133.598 billion yuan ($19.4 billion).
After the completion of the transaction, China Shenhua Energy's coal reserves increased from 41.58 billion tons to 68.49 billion tons, an increase of 64.72 percent. Meanwhile, recoverable coal reserves increased from about 17.45 billion tons to 34.5 billion tons, indicating a significant increase of 97.71 percent. In addition, annual coal production is expected to reach 512 million tons, which is 56.57 percent more.
