Coal miner Yancoal
(ASX:YAL) has applied for a dual listing on the Hong Kong Stock Exchange to increase liquidity in its shares and diversify its investor base.
The company - which says it remains committed to its listing on the ASX - also plans a capital raising, but did not give details.
Existing Yancoal shareholders will have an opportunity to participate in the proposed capital raising on a pro-rata basis.
Last year the company spent $3.63 billion to buy Coal & Allied from Rio Tinto.
Shares in Yancoal
(ASX:YAL) up 3.57 per cent to 14c
