(Agencies)
Updated: 2007-10-09 09:03

China Shenhua Energy Corp, which will list its shares in Shanghai on Tuesday, said it aimed to expand through mergers and acquisitions as well as organic growth.

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The firm, China's largest coal producer, will obtain assets from its parent group and also wants to buy more high-quality coal operations in China by taking part in the consolidation of the domestic industry, chairman Chen Biting said in a statement.

In addition, "we want to carefully and selectively buy foreign assets, focusing on assets that have potential and fit with the company", Chen said.

Shenhua raised 66.58 billion yuan in China's largest domestic initial public offer last month, attracting 2.7 trillion yuan of subscriptions, which was another record.