YANKUANG ENERGY GROUP ADR YZCAY

Energy

Yankuang Energy Group Co Ltd is a China-based international comprehensive energy company engaged in coal and coal chemical industry. The Company operates in five segments. The Coal Mining segment is engaged in underground and open-cut mining, preparation and sale of coal and potash mineral exploration. The Smart Logistics segment provides railway transportation services. The Electricity and Heating Supply segment provides electricity and related heat supply services. The Equipment Manufacturing segment is engaged in the manufacture of comprehensive coal mining and excavating equipment. The Chemical Products segment is engaged in the production and sale of chemical products. The coal products mainly include thermal coal, pulverized coal injection (PCI), and coking coal. The coal chemical products mainly include methanol, ethylene glycol, acetic acid, ethyl acetate and crude liquid wax, among others. The Company distributes products in the domestic market and to overseas markets.

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YANKUANG ENERGY GROUP ADR > Xstrata to counter bid for Felix Resources

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Comment by Grebmoolbon Nov 24, 2009 8:15am

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Post# 16517110

RE: Xstrata to counter bid for Felix Resources

Yanzhou's bid of A$16.95 a share for Felix Resources all depends on Felix's vote of their shareholders at a scheme meeting on 8th December. Felix directors have agreed to vote for the bid and need 75% in favor. Felix representatives are frantically phoning shareholders to argue their case as some say an x-director and two managers have not yet decided to vote in favor. This could be a very close call unless Yanzhou raise their bid.

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