Yancoal directors reject Yankuang takeover proposal

YANCOAL Australia’s independent directors have rejected an unsigned, non-binding expression of interest in relation to a potential US$1.8 (A$2.5) billion takeover of its minority shareholders by major shareholder Yankuang Energy Group.

Yancoal directors reject Yankuang takeover proposal Yancoal directors reject Yankuang takeover proposal Yancoal directors reject Yankuang takeover proposal Yancoal directors reject Yankuang takeover proposal Yancoal directors reject Yankuang takeover proposal

Yancoal said it had not, to date, received any formal offer or proposal.

The Independent Board Committee said the potential transaction would not be in the best interests of Yancoal's minority shareholders.