Sou Hu Cai Jing·2025-10-12 16:50Core Viewpoint - China Shenhua (601088) is in the process of acquiring energy-related assets from its controlling shareholder, China Energy Investment Corporation, through a combination of issuing A-shares and cash payments, which is classified as a related party transaction and is not expected to result in a change of control [2][3]. Group 1: Trading Information - On October 10, China Shenhua's stock closed at 39.77 yuan, up 0.84%, with a turnover rate of 0.24%, trading volume of 392,600 lots, and a transaction value of 1.56 billion yuan [1]. - On the same day, the net inflow of main funds was 111 million yuan, accounting for 7.14% of the total transaction value [2][3]. - Retail investors experienced a net outflow of 110 million yuan, representing 7.03% of the total transaction value [2]. Group 2: Company Announcements - China Shenhua plans to issue A-shares and pay cash to acquire coal, coal-fired power, coal-to-oil, coal-to-gas, and coal chemical assets from its controlling shareholder [2][3]. - The transaction is currently in progress and requires approval from the company's board, shareholders, the Shanghai Stock Exchange, the China Securities Regulatory Commission, and other regulatory bodies, indicating some uncertainty in implementation [2].