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Yancoal majority owner considering $2.5B mop-up bid

YANCOAL major shareholder Yankuang Energy Group is considering spending about US$1.8 (A$2.5) billion mopping up the remaining shares it does not own and delisting Yancoal from the Australian Securities Exchange.

Noel Dyson
Yancoal's owner may be launching a takeover bid.

Yancoal's owner may be launching a takeover bid.

About 38% of Yancoal's shares are not held by Yankuang. Trading in Yancoal's shares on the ASX has been halted at Yancoal's request. Yankuang told the Hong Kong Stock Exchange that the potential...

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