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China has approved the merger between its biggest coal
producer Shenhua Group Corp, and one of the top five state power
companies, China Guodian Corp, in a deal that would create the
world’s largest power company by installed capacity and with assets
worth US$271 billion (1.8 trillion Chinese yuan). China’s
State-owned Assets Supervision and Administration Commission issued
on Monday a one-line statement that it has approved the merger,
which is part of the Chinese government’s efforts to streamline
power operations and reduce…
producer Shenhua Group Corp, and one of the top five state power
companies, China Guodian Corp, in a deal that would create the
world’s largest power company by installed capacity and with assets
worth US$271 billion (1.8 trillion Chinese yuan). China’s
State-owned Assets Supervision and Administration Commission issued
on Monday a one-line statement that it has approved the merger,
which is part of the Chinese government’s efforts to streamline
power operations and reduce…
China has approved the merger between its biggest coal
producer Shenhua Group Corp, and one of the top five state power
companies, China Guodian Corp, in a deal that would create the
world’s largest power company by installed capacity and with assets
worth US$271 billion (1.8 trillion Chinese yuan). China’s
State-owned Assets Supervision and Administration Commission issued
on Monday a one-line statement that it has approved the merger,
which is part of the Chinese government’s efforts to streamline
power operations and reduce…
producer Shenhua Group Corp, and one of the top five state power
companies, China Guodian Corp, in a deal that would create the
world’s largest power company by installed capacity and with assets
worth US$271 billion (1.8 trillion Chinese yuan). China’s
State-owned Assets Supervision and Administration Commission issued
on Monday a one-line statement that it has approved the merger,
which is part of the Chinese government’s efforts to streamline
power operations and reduce…
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