July 2 (Reuters) - Yancoal Australia Ltd YAL.AX :
* YANCOAL APPLIES FOR DUAL LISTING ON HONG KONG STOCK EXCHANGE
* 35 FOR 1 SHARE CONSOLIDATION PROPOSED FOR APPROVAL BY SHAREHOLDERS
* APPLICATION TO STOCK EXCHANGE OF HONG KONG ("HKEX") TO LIST YANCOAL SHARES ON A PRIMARY BASIS ON MAIN BOARD OF HKEX
* TO MAINTAIN ITS LISTING ON AUSTRALIAN SECURITIES EXCHANGE FOLLOWING ITS LISTING ON HKEX
* DUAL LISTING ON HKEX TO OCCUR IN CONJUNCTION WITH A PROPOSED CAPITAL RAISING
* EXISTING YANCOAL SHAREHOLDERS TO HAVE OPPORTUNITY TO PARTICIPATE IN PROPOSED CAPITAL RAISING ON PRO-RATA BASIS
* EXPECTS MAJORITY SHAREHOLDER, YANZHOU COAL MINING CO, TO REDUCE ITS PERCENTAGE OWNERSHIP INTEREST IN CO DUE TO CAPITAL RAISING
* EXPECTS TO REMAIN UNIT OF YANZHOU COAL MINING COMPANY LTD AFTER CAPITAL RAISING