News: YAL BUZZ-Yancoal's HK shares fall in resumed trade on parent's buyout at discount

** Hong Kong shares of coal miner Yancoal Australia 3668.HK fall as much as 8% to HK$30.40 in resumed trade on Monday, the biggest daily pct fall since April 25 if losses hold

** Stock, which was on trading halt since May 26, hit the lowest since May 19

** Co says parent Yankuang Energy Group 600188.SS is planning to buy the remaining shares it does not already own in the company at $3.60 each, representing a 14.5% discount to the last closing price of the Hong Kong stock and a 16.6% discount to the Australia-listed shares

** Yancoal says it has appointed an independent committee to evaluate and respond to the potential transaction and there is no need for Yancoal shareholders to take any action

** Yancoal's Australia shares (YAL) drop 9.5% ** Yankuang had said the plan awaited approval from its shareholders and other relevant regulatory bodies, and may result in Yancoal's delisting from Hong Kong and Australian bourses

** Yankuang's Hong Kong shares 1171.HK fall 3.4%, biggest pct decliner in Hang Seng Composite Index on energy stocks .HSCIE ; Shanghai shares 600188.SS slip 1%

** Hang Seng Composite Index on energy stocks .HSCIE and the material index .HSCIM each climb 0.3%; Hang Seng Index .HSI rises 1.2%