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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... see more

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YANKUANG ENERGY GROUP ADR > Yanzhou Coal in bid for Felix Resources

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Post by Grebmoolb on Aug 10, 2009 9:10am

Yanzhou Coal in bid for Felix Resources

Yanzhou stock has been suspended from trading in Shanghai and Hong Kong, pending a takeover announcement for Felix Resources.

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Comment by Grebmoolb on Aug 12, 2009 2:16pm

Yanzhou Coal Company has announced that their stock will remain suspended for up to 30 days for capital reconstruction.

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Comment by Grebmoolb on Aug 30, 2009 9:32am

Though acceptance of the offer by Yanzhou for Felix Resources by the company directors holding 47% of the companies shares and recommendation of the bid. It looks as if there will be a very large rejection of Yanzhou's offer.Former directors and managers hold about 23% of the company and are looking for a much higher offer with the option of shares in the bidder for Felix Resources. ...more

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YANKUANG ENERGY GROUP ADR