China National Coal Group Corp and Shenhua Group Corp

China Coal Energy: The share price of China Coal Energy Co , which is controlled by China National Coal Group Corp, closed at 11.24 yuan on Tuesday with a 9.98 percent daily increase and Shenhua Group Corp listed arm China Shenhua Energy Co saw its share price jump 10 percent on Tuesday, closing at 26.29 yuan, according to Global Times China. China Coal Energy and Shenhua Energy also saw their share prices in the Hong Kong stock market jump 7.47 percent and 3.64 percent respectively on Tuesday. Photo: IC A merger rumor pushed the share prices of the listed arms of two of China leading coal groups up by the daily 10 percent limit on domestic bourses on Tuesday, but the groups said they were not aware of the merger. Zhou Dongzhou, board secretary of China Coal Energy, said on Tuesday that the company has not heard of or received any notice of the merger, and Shenhua Group also said they do not know if it is true, news portal caijing.com.cn reported on late Tuesday. The National Energy Administration said China coal industry should be more concentrated and more financial support should go to key coal firms, according to the NBD report. Amid an ongoing series of mergers of State-owned enterprises administered by the central government, the merger work of China Coal and Shenhua Group has started, according to National Business Daily newspaper on Tuesday, citing unnamed sources. (news.financializer.com). As reported in the news.