China National Coal Close to IPO.

(From SinoCast China Financial Watch)

BEIJING, August 23, SinoCast -- China National Coal Group Corp., the country's second-biggest coal producer, expects to list a newly established subsidiary on overseas market this year, sources said. The subsidiary named China National Coal Co., Ltd. announced official establishment on August 18 with stock capital of CNY 8 billion. It came out of the group's reshuffle. The parent injected its core assets involved coal production & trade, coal charing equipments, coal mining machinery manufacturing and related shareholding interests to the new arm, pursuant to the reshuffle plan approved by China's cabinet, the State Council. China …