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L&L Energy Identifies Two Large Operating Mines in North China for Acquisiton

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L & L Energy, Inc. (NASDAQ: LLEN) ("L&L" or the "Company"), a U.S.-based company with a track record of profitable coal operations in China, provided a strategic update on acquisitions, management and operations.

L&L Forms Strategic Partnership to Execute Large AcquisitionAs discussed on January 31, 2013, the Company's Board of…L & L Energy, Inc. (NASDAQ: "LLEN") ("L&L" or the "Company"), a U.S.-based company with a track record of profitable coal operations in China, provided a strategic update on acquisitions, management and operations.

L&L Forms Strategic Partnership to Execute Large AcquisitionAs discussed on January 31, 2013, the Company's Board of Directors have decided focus on acquiring large mining operations in North China with annual production of over 1 million tons. Over the past few months L&L's internal due diligence team, led by L&L Directors Dr. Syd Peng and Mr. Jingcai Yang, have identified two large operating mines (the "Targets") in North China that fit L&L's criteria for production, safety, and efficiency.  

While the Company believes its valuation is undervalued, management is pursuing additional resources to bring value to its shareholders.  L&L is pleased to announce it has formed a strategic alliance with previously announced partner Tianjin Fuhao, a subsidiary of Tianjin Materials and Equipment Company, one of China's largest enterprises ("Tianjin") and a private logistic company in Beijing to complete an acquisition of one of L&L's Targets. (See link on L&L's website for information on Tianjin.)

Tianjin, with its financial strength, will contribute the majority

See full press release

Posted-In: News Guidance Management M&A Global

 

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