Yancoal Australia lays groundwork for HK dual listing

Coal Fotolia 230x150
By John Loh
02 Oct 2018

Yancoal Australia has passed a listing hearing with the Hong Kong Stock Exchange and is preparing for the launch of its IPO this month.

The Australian-listed coal producer is aiming for a dual listing in Hong Kong under sponsors BOC International, CMB International and Morgan Stanley, with the US firm holding the left lead role. 

Yancoal, a 65.5% unit of Hong Kong-listed Yanzhou Coal Mining, said in a draft prospectus that ...

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