皇冠体育app

(Agencies)
Updated: 2007-10-09 09:03

皇冠体育app 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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The firm, 皇冠体育app's largest coal producer, will obtain assets from its parent group and also wants to buy more high-quality coal operations in 皇冠体育app by taking part in the consolidation of the domestic industry, chairman Chen Biting said in a statement.

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 皇冠体育app's largest domestic initial public offer last month, attracting 2.7 trillion yuan of subscriptions, which was another record.