News: YAL Yankuang Energy Plans To Increase Shareholdings In Yancoal Australia, page-10

From your post, I suspect you mean 'Apparently Yankuang met some Chinese shareholders like Cinda that has 15.89 per cent of YAL's issued capital'. This would be consistent with your later statement, which also requires slight amendment in English, suggesting '...as it's only a deal with Cinda...'

But thank you for the detailed information. Most helpful!

What do the supposedly independent Australian Directors think of this?

From the information above, it's a disaster for Australian-domiciled minority shareholders who it seems (at face value) may have to accept far less for their shares than the price at which they were trading (above A$6.00) prior to this morning's trading halt. At this morning's midmarket exchange rate of 0.709635, US$3.60 is only A$5.073.

Talk about a haircut!