China's No.1 coal miner officially renamed China Energy Investment Corporation Limited and completed related registration of changes in the business license, said its listed subsidiary China Shenhua Energy Company in an announcement on November 27.
The new company, merged by Shenhua Group and the country's leading power enterprise China Guodian Corporation, is registered with capital up to 102.1 billion yuan ($15.48 billion), said the announcement.
It also mentioned Qiao Baoping, chairman of China Guodian, becomes the legal representative of the new company. He has been appointed as chairman and party secretary of the new group.
Ling Wen, general manager of Shenhua Group, takes up the post of president and deputy party secretary of the new combined entity.
In August, China said the two firms will be merged to create the world's largest power utility worth $278 billion.
Related information – China's govt confirms Guodian-Shenhua merger
(Writing by Alex Guo Editing by Harry Huo)
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