No, you're the one who needs to get on line and read. They are not offering to exchange for H shares. They are offering to exchange for convertible bonds in Yankuang Energy, which will only convert at a 50% premium. Yankuang has 107 billion RMB debt and I imagine this issue will be subordinate to most of that. If Yankuang manages by hook or crook to acquire over 90% of the shares, then the rest of us may be forced to accept this lousy deal.
News: YAL Yankuang Energy Plans To Increase Shareholdings In Yancoal Australia, page-63
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Last
$5.39 |
Change
-0.150(2.71%) |
Mkt cap ! $7.117B | |||
| Open | High | Low | Value | Volume |
| $5.57 | $5.59 | $5.37 | $17.65M | 3.230M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14032 | $5.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.39 | 23323 | 3 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| YAL (ASX) Chart |