THE future of one of the Hunter's biggest coal companies, Yancoal, is up in the air, with the Chinese mainland parent company Yankuang Energy, wanting to take over the Australian subsidiary and de-list it from the Australian stock exchange.
The takeover bid was launched from Yankuang's head office in Zoucheng City in China's northern coastal province of Shandong on Wednesday, May 25, just four days after Australian voters ended nine years of Coalition rule and installed Anthony Albanese's Labor government.
