The Shanghai Stock Exchange suspended the trading of shares for both China Shenhua and GD Power Development on Monday, June 4, according to the Xinhua News Agency. China Shenhua, the country’s largest coal miner, was informed by its majority shareholder, Shenhua Group, that the company will be involved in an “important event” that has not yet been disclosed, according to a company announcement. At the same time, GD Power received a notice from its parent company, China Guodian Corp., one of the country’s biggest coal-fired power generators, saying that it should suspend trading its shares.
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