Australia gives conditional nod to Yanzhou buy of Felix
Published: 22 Oct 2009 22:43:23 PSTSYDNEY, Oct 23 - Australia has given conditional approval to China's Yanzhou Coal <1171.HK> to acquire coal miner Felix Resources Ltd <FLX.AX>, the government said in a statement on Friday.
The conditions include stipulations that the acquiring company must operate out of Australia and its CEO and CFO must live in Australia. ($1=A$1.08)
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