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Yankuang eyes RMB 10 billion bonds exchangeable into Yanzhou shares
By Marisa Wong
Morgantown, W.Va., Nov. 3 – Yankuang Group Co. Ltd. is planning to issue up to RMB 10 billion of corporate bonds exchangeable into A shares of Yanzhou Coal Mining Co. Ltd. held by Yankuang. Yankuang is the controlling shareholder and parent of Yanzhou Coal.
The proposed bonds will have a term of up to three years.
The coal mining companies are based in Shandong, China.
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