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Yanzhou Coal Mining Co. Ltd. Message Board

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  • leohchan leohchan Dec 6, 2008 2:11 AM Flag

    Trading suspended in Hong Kong Dec 5

    Hard to say if it is up or down for the short term. But int he long run, buying a company at this point is the best thing a cash rich company like YZC can do.

    In all likelihood, YZC will have to pay about 50% premium for the company. But it is still way cheaper than what it would be if the merger happened in March! China still relies on coal for 70% of energy production. The technological benefit of an Australia company is also a huge positive for YZC's production efficiency and safety in the future.

6.25-0.170(-2.65%)Jun 30 4:02 PMEDT