China Shenhua Secures Impairment Guarantees on Key Exploration Mining Rights from China Energy
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China Shenhua Energy Co (HK:1088) announced that its controlling shareholder, China Energy, has issued impairment compensation guarantees for two exploration mining rights linked to Pingzhuang Coal. This arrangement aims to protect China Shenhua's interests by compensating for any impairment in the value of the Western and Heidaigou Exploration Mining Rights over the financial year of the transaction and the following two years. The compensation will adjust for various factors, ensuring risk is shifted to China Energy. Analysts rate the stock as a Buy with a target price of HK$48.00.
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