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Monday, Aug 19
L&L Energy -8% premarket after announcing alliance to complete acquisition
- L&L Energy (LLEN) -8% premarket following the formation of a strategic alliance with previously announced partner Tianjin Fuhao to complete an acquisition of one of L&L's targets.
- Tianjin will contribute the majority initial funding needed, while LLEN will operate and pre-sell coal from the target to Tianjin once it secures controlling interest.