Templeto reflective foil insulation n Asset raises stake in Yanzhou Coal

Templeto reflective foil insulation n Asset raises stake in Yanzhou Coal
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Templeton Asset raises stake in Yanzhou CoalPublished: 22 Sep 2009 01:35:36 PST

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Sep. 22, 2009 (China Knowledge) - Templeton Asset Management Ltd, a subsidiary of California-based investment management organization Franklin Resources Inc, recently raised its shareholding in Yanzhou Coal Mining Co<600188><1171><YZC> to 8.07% from the previous 7.95%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

Information from HKEx showed that Templeton on Sep. 16 bought 2.51 million H million shares of Yanzhou Coal for HK$29.55 million. The average share price of the transaction was HK$11.79 per share.

Yanzhou Coal is China's third-largest coal producer by market value. It is mainly engaged in the mining, preparation and processing, sales, and railway transportation of coal.

H shares of Yanzhou Coal dropped 2.84% to end at HK$11.64 yesterday.
 


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