Takeover of Coal Assets in Australia by China, S. Korea and India Intensified

摘要

With the background of the drop in the value of coal assets arising from the coal export market remaining in the long-term doldrums, the takeover of coal assets in Australia by China, South Korea and India has been intensified. As reported earlier, on January 20, Kingho Energy Group, China acquired the majority shares in Carabella Resources Limited through the takeover bid (TOB) and took control of this company.