The Zhitong Finance App learned that Citibank released a research report saying that China Shenhua (01088.HK) recently announced the latest plan to purchase parent company assets. The revised transaction did not include 100% of the e-commerce company's shares. Overall, the total price of this transaction is approximately RMB 133.6 billion. 30% will be paid through the issuance of consideration shares, and 70% of the balance will be settled in cash. At the same time, the company plans to issue new A shares to no more than 35 specific investors, raising no more than 20 billion yuan in capital, all of which will be used to pay the cash consideration and related expenses of this transaction. Citi believes that the plan will significantly improve the operating performance of China's Shenhua. In addition, the bank mentioned that the proposed valuation of this acquisition seems to be higher than the current valuation, and it is believed that most domestic investors will pay more attention to Shenhua's growth potential and dividend potential after the transaction. The bank gave it a target price of HK$45.1, with a “buy” rating.

The Zhitong Finance App learned that Citibank released a research report saying that China Shenhua (01088.HK) recently announced the latest plan to purchase parent company assets. The revised transaction did not include 100% of the e-commerce company's shares. Overall, the total price of this transaction is approximately RMB 133.6 billion. 30% will be paid through the issuance of consideration shares, and 70% of the balance will be settled in cash. At the same time, the company plans to issue new A shares to no more than 35 specific investors, raising no more than 20 billion yuan in capital, all of which will be used to pay the cash consideration and related expenses of this transaction. Citi believes that the plan will significantly improve the operating performance of China's Shenhua. In addition, the bank mentioned that the proposed valuation of this acquisition seems to be higher than the current valuation, and it is believed that most domestic investors will pay more attention to Shenhua's growth potential and dividend potential after the transaction. The bank gave it a target price of HK$45.1, with a “buy” rating.