The last time Sydney-listed Yancoal Australia hit the headlines was in 2015 when Noble Group was battling questions about its accounting policies.
The commodity trader had a 13 per cent stake in Yancoal that it valued at a significant premium to the prevailing market price largely on the basis of future cash flow projects.
Fast forward to 2017 and Yancoal is making news for a different reason. It has just agreed to buy the bulk of Rio Tinto’s coal assets in a deal worth $2.45bn — even though it has not secured any funding.
您已閱讀14%（526字），剩余86%（3238字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。