Company Announcement: U&D Mining Receives PRC State-owned Assets Supervision and Administration Commission Approval
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Endocoal Limited is pleased to announce that U&D Mining Industry Pty Ltd has this afternoon informed Endocoal that U&D Mining has received approval from the People’s Republic of China State-owned Assets Supervision and Administration Commission to proceed with its proposed acquisition of Endocoal via a Scheme of
Arrangement. Notwithstanding the receipt of SASAC approval, the Scheme remains conditional on the satisfaction, or waiver, of the condition that U&D Mining has received approval to proceed with the Scheme from certain other PRC regulators, namely the National Development and Reform Commission, the Ministry
of Commerce and the State Administration of Foreign Exchange.
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