China’s largest coal enterprise, Shenhua Group Corporation, and one of the five major power companies, China Guodian Corporation, issued identical announcements again on 18 June 2017, following the first announcement on 4 June. Insiders told Jiemian that the two corporations are discussing a merger.
If the merger happens, assets involved will exceed C¥1700 bn and the new company's installed power generation capacity will reach around 226 million kW, making it the biggest power generation enterprise.
In a briefing on 2 June 2017, State-Owned Assets Supervision and Administration Commission stressed again that central SOE M&As will continue. Future central SOEs will be divided into industrial groups, investment groups and operational groups.