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Yancoal refutes report of up to US$800M IPO in Hong Kong

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Yancoal refutes report of up to US$800M IPO in Hong Kong

Yancoal Australia Ltd. refuted a report by IFR Asia that it was planning a dual primary listing in Hong Kong, which could raise between US$600 million and US$800 million.

The company said June 15 that its board has not made a decision to pursue such a transaction at this time and there is no certainty such an initiative may proceed.

Yancoal added that it continues to consider several options to help improve liquidity and support the continued growth of the company.