Yanzhou moves on Yancoal privatisation

Chinese giant proposing buy out of minority shareholders in its underperforming subsidiary, says it will 'deliver higher efficiency'.

Chinese giant Yanzhou Coal Mining Coal is proposing the privatisation of its underperforming ASX-listed subsidiary Yancoal Australia Ltd.

In a statement to the Hong Kong Stock Exchange, Yanzhou said it had sent an indicative, non-binding proposal on the privatisation to its subsidiary's independent board committee.


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