Shenhua Group

China Guodian Corporation and Shenhua Group proposed a merger of their coal power assets, setting up a joint venture company worth 54.4 billion yuan ($8.24 billion). Guodian will have the controlling stake, investing 29.1 billion yuan of thermal power assets, while Shenhua will invest 25.3 billion yuan. The cabinet has approved the plan.

China Shenhua Energy and GD Power proposed to merge their coal-fired power assets worth over 60 billion yuan (US$9.05 billion), with GD Power taking a controlling stake. The parent companies Shenhua Group and China Guodian Group will merge to form China Energy Group.