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.

OTCQX:YZCAY - Post by User

YANKUANG ENERGY GROUP ADR > Yanzhou wobble as counter bidders wait

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Comment by Grebmoolbon Oct 30, 2009 7:04pm

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Post# 16440680

RE: Yanzhou wobble as counter bidders wait

Yanzhou have now obtained approval from Australia to takeover Felix Resources FLRFF. YZCs bid is $16.95 and $17.45 including an extra 50c dividend due by March 2010. FLRFF shares traded in a narrow band between $17.35 and $17.43 all week with 6.6 million shares traded. $0The FLRFF Special Meeting to vote in The Scheme is on 8th December and requires a 75% vote in favor.$0

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