Yanzhou Coal targets $1.1 billion in initial sale
By Elisabeth Behrmann | China Daily | Updated: 2011-05-25 07:48
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The state-of-the-art information control center of Yanzhou Coal Mining Co. The company may raise more than $1.1 billion in an IPO for its Australian unit. Xiao Yan for China Daily |
SYDNEY - Yanzhou Coal Mining Co, China's fourth-largest producer, may raise more than A$1 billion ($1.1 billion) in an initial share for at least a third of its Australian unit by the end of the year.
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