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Yancoal launches raising

Yancoal Australia will raise US$2.5 billion to fund the $2.45 billion cash component of its Coal ...

Kristie Batten

The company has launched a 23.6-for-one pro-rata renounceable entitlement offer to raise $2.35 billion. The issue is priced at 10c per share, a whopping 69.7% discount to the last closing price of A39c...

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