March 31 (Reuters) - Yanzhou Coal Mining Co Ltd 600188.SS 1171.HK
- Says 2016 net profit up 140.2 percent y/y at 2.0 billion yuan ($290.51 million)
- Says it aims to raise up to 7 billion yuan in A-share private placement to fund the acquisition of Coal & Allied Industries Ltd
- Says purchase price for Coal & Allied Industries is between $2.35-2.45 billion
- Says board approves it or units to obtain financing of up to 80 billion yuan
Source text in Chinese: http://bit.ly/2nqEzJ1 ; http://bit.ly/2oGvRGU ; http://bit.ly/2nS8VHd
($1 = 6.8845 Chinese yuan renminbi)
News: YAL Yanzhou Coal's 2016 profit doubles, plans to buy Coal & Allied Industries
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