Yancoal Australia Limited

( ASX:YAL ) - Energy


Yancoal Pays Down Debt Pile

In the wake of the $US2.65 billion purchase of a stake in the NSW coal assets of Rio Tinto last year, the China-controlled Yancoal Australia has hinted that it is looking at measures to improve the liquidity of its shares.

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Analyst Views

YAL – Credit Suisse rates the stock as Neutral

The broker notes the company has received a non-binding takeover proposal from 78% shareholder Yanzhou Coal Mining, who now wants the remaining 22% it does not currently own. The offer price works out to around 69c per share, leading the broker to call the offer an “opportunistic take-under” given the last close at 70c.

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