L&L to Relocate its China Headquarters to Beijing after Chinese New Year
L & L Energy (NASDAQ: LLEN) announced today that it will relocate its China headquarters to Beijing after the Chinese New Year.
L&L's entered a lease to occupy approximately 4,400 square feet in Beijing's "Coal Tower." Originally built by China's Ministry of Coal, the Coal Tower is now owned by the China Coal Association, a semi-government agency representing China's coal industry. The Beijing headquarters will enhance L&L's ability to connect to policy and decision making on a ministry level, as well as increase business cooperation with other tenants and nearby companies, which include Shenhua Group, China Chengtong Metal Corporation, Tianjin Fuhao, and China Australia Coal Technology Company. L&L Director, Mr. Jingcai Yang, a former senior executive for Shenhua, will initially guide the Beijing office to increase business and future sales.
L&L's Chairman and CEO, who was in Beijing, commented, "We have already established a strong operational foundation in Yunnan and Guizhou. This strategic move to Beijing will increase our exposure to capital and new customers who are headquartered nearby."
Lee continued saying, "As a US Company