Important issue halts share trade

Source: Xinhua | 2017-06-05

CHINA Shenhua Energy Company, the country’s largest coal miner, said yesterday its shares will suspend trading as its parent firm is planning for an “important issue.”

On Friday, the company received a notice from Shenhua Group about the “important issue” involving its listed arm, which involves major uncertainties and needs approval from related regulators, it said in a statement.

The Beijing-based company did not unveil details of the issue under consideration.

To protect the interests of investors and avoid stock price fluctuations, the company has applied to the Shanghai Stock Exchange for its shares to suspend trading from today, it said.

The company will disclose information according to the progress of the issue under consideration, it added.

Its shares rose 2.62 percent to 22.29 yuan (US$3.3) on Friday.