Davis Polk advised the sole dealer manager in connection with a cash tender offer by Yanzhou Coal Mining Company Limited (“Yanzhou Coal”) as guarantor and Yancoal International Resources Development Co., Limited (“Yancoal Resources”) as issuer for any and all of the outstanding $550 million 5.730% guaranteed notes due 2022 issued by Yancoal Resources.

Yanzhou Coal is one of the primary coal producers in China with coal mining operations in China and Australia. It is listed on the Hong Kong Stock Exchange and controlled by the PRC government. Yanzhou Coal has expanded its operations to include the production of coal chemicals, the generation of electricity and other businesses.

Yancoal Resources is a wholly owned subsidiary of Yanzhou Coal.

The Davis Polk corporate team included partner William F. Barron, counsel Margie Chan and registered foreign lawyers Bingqing Pan, Ying Su and Lin Ma. Counsel Alon Gurfinkel and associate Lena X. Qiu provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London Offices.

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