Nov 23 (Reuters) - Yancoal Australia Ltd YAL.AX :
* UPDATES ON PROPOSED LISTING ON STOCK EXCHANGE OF HONG KONG AND OFFER PRICE RANGE
* BOARD DETERMINED THAT OFFER PRICE FOR SHARES OFFERED IN HK LISTING WILL BE WITHIN A RANGE OF HK$23.48 TO HK$25.84 PER SHARE
* HK LISTING IS BEING UNDERTAKEN IN CONJUNCTION WITH A PROPOSED CAPITAL RAISING
* GLOBAL OFFERING WILL COMPRISE AN OFFERING OF INITIALLY 59.4 MILLION SHARES
* IF OFFER IS SUCCESSFUL, FINAL OFFER PRICE IS EXPECTED TO BE DETERMINED ON THURSDAY, 29 NOVEMBER 2018
* EXISTING YANCOAL SHAREHOLDERS WILL HAVE OPPORTUNITY TO PARTICIPATE IN PROPOSED CAPITAL RAISING ON A PRO‐RATA BASIS
* CAPITAL RAISING TO INVOLVE RIGHTS OFFER AT SAME OFFER PRICE AS ADOPTED FOR GLOBAL OFFERING MADE IN CONNECTION WITH HK LISTING
* YANZHOU COAL MINING, AMONG OHTERS, TO COMMIT TO RENOUNCE THEIR RIGHTS IN FAVOUR OF INVESTORS IN GLOBAL OFFERING