Yancoal HK IPO to fund more acquisitions

YANCOAL will use the expected $127.5 million from its proposed Hong Kong Stock Exchange initial public offering to finance potential future acquisitions and the acquisition of an additional 4% interest in its unincorporated Moolarben joint venture.

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Yancoal HK IPO to fund more acquisitions Yancoal HK IPO to fund more acquisitions Yancoal HK IPO to fund more acquisitions Yancoal HK IPO to fund more acquisitions Yancoal HK IPO to fund more acquisitions
The company said the remainder of the money raised would be used for working capital and general corporate purposes.