Yanzhou

Yankuang Group Co. Ltd. is the parent company of Yanzhou, which is among the largest coal producers in China.

unknown title 2011

Deal Journal Australia Yanzhou Float to Make 2012 a Happier New Year Potential Deal Seems Logical Sydney-based Gloucester in a statement to the Australian Securities Exchange said it had requested trading in its shares be halted until Thursday, by when it expects to make an announcement in connection with a "possible change of control transaction."

Yanzhou, Gloucester in Talks to Join Assets Gillian Tan 2011

Yanzhou shares were placed in trading halt on the Hong Kong Stock Exchange pending the release of an announcement that is price sensitive in nature and on the Shanghai Stock Exchange due to a proposed transaction.

Yanzhou, Gloucester in Talks to Join Assets Gillian Tan 2011

However, Chinese companies have little track record of selling out of assets that they control, and Yanzhou's growth strategy is centered on Australia as it is experiencing stagnant coal production at its mines in Eastern China's Shandong province.

Yanzhou, Gloucester in Talks to Join Assets Gillian Tan 2011

Singapore-listed Noble Group added 5% after people familiar with the matter told Dow Jones Newswires that China's Yanzhou Coal is in preliminary discussions with Gloucester Coal, which is 64.5%-owned by Noble, to create a coal giant worth up to A$8 billion by merging their Australian assets.

Asian Shares Rise Shri Navaratnam 2011

Yanzhou Coal Mining shed 2.8% and Poly Real Estate Group was down 1.0%.

Tokyo Slips Amid Positive Earnings Reports Colin Ng 2011

Yanzhou Coal Mining was down 1.2% and Wuhan Iron & Steel was down 1.1%.

Japan Leads Asia Decline Shri Navaratnam 2011

Yanzhou's board secretary and deputy general manager, Zhang Baocai , last week said the company was considering a reverse takeover to fulfil commitments to Australian regulators made at the time of its A$3.2 billion acquisition of Felix Resources in 2009.

Yanzhou, Gloucester in Talks to Join Assets Gillian Tan 2011

Yanzhou Coal's Hong Kong shares added 0.4%, while its Shanghai ones rose 3.8%.

Tokyo Shares Resume Climb Shri Navaratnam 2011

Shares of both Gloucester Coal and Yanzhou Coal were suspended.

Asian Shares Rise Shri Navaratnam 2011