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| China National Coal wants to go it alone prior to Hong Kong listing |
| News Archive - Coal & Electric Power -September news ) | |
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(China Coal Resource, sep 12, 2006) China National Coal has turned away some of the world's largest coal companies from making strategic investments in the company ahead of its one bln usd initial public offering this year in Hong Kong, the South China Morning Post said, citing market sources. Interested investors include top US coal miner Peabody Energy Corp, and Arch Coal Inc, the country's No.2 producer. Some of Europe's leading coal mining interests are also keen on taking strategic stakes, the Hong Kong newspaper said. China National Coal is unwilling to give up a seat on the board to any potential strategic investors, sources familiar with the deal told the newspaper. |
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