China Shenhua: It plans to increase the capital of National Energy Group Finance Co., Ltd. by 6 billion yuan in cash in the same proportion.
Shenhua Group of China announced that the State Energy Investment Group Limited, China Shenhua Energy Company Limited, and State Energy Group Finance Limited are planning to sign the "Capital Increase Agreement of State Energy Group Finance Limited". According to the agreement, State Energy Group will increase its capital by 60%, while China Shenhua will increase its capital by 40%, both in cash, in proportion to their current shareholdings in State Energy Group Finance Limited. The total amount of this capital increase is 15 billion yuan, with State Energy Group increasing by 9 billion yuan and China Shenhua increasing by 6 billion yuan, all of which will be included in the financial company's registered capital. After this capital increase is completed, the registered capital of the financial company will increase from 17.5 billion yuan to 32.5 billion yuan.
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