Shenhua Energy says to expand through M&A
(Agencies)
Updated: 2007-10-09 09:03
Updated: 2007-10-09 09:03
China Shenhua Energy Corp, which will list its shares in Shanghai on Tuesday, said it aimed to expand through mergers and acquisitions as well as organic growth.
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In addition, "we want to carefully and selectively buy foreign assets, focusing on assets that have potential and fit with the company", Chen said.
Shenhua raised 66.58 billion yuan in China's largest domestic initial public offer last month, attracting 2.7 trillion yuan of subscriptions, which was another record.
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