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China Shenhua in biggest rise since 2008 on special dividend

Coal prices in China surged last year, snapping four years of declines, after the government ordered miners to reduce output as part of its effort to revitalise the industry and curb industrial overcapacity.

Hong Kong

CHINA Shenhua Energy Co, the biggest coal miner in the world's largest producer, surged the most since 2008 after rewarding investors with a special dividend as it posted its first profit growth in four years.

Shares in Hong Kong gained more than 20 per cent to HK$19.78 (...

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