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  • L&L Energy, Inc. (LLEN) Moving China Headquarters To Beijing 0 comments
    Jan 28, 2013 2:09 PM | about stocks: LLEN

    L&L Energy has a history of significantly enhancing the operations, output, and profitability of coal mines it acquires in China through the use of American coal technology. It is one of the handful of companies chosen by the Chinese government to consolidate its coal industry.

    The company announced today that it will relocate its China headquarters to Beijing after the Chinese new year. L&L entered a lease to occupy about 4,400 square feet of Bejing's "Coal Tower." Originally built by the Ministry of Coal, the Coal Tower is now owned by the China Coal Association, a semi-government agency representing China's coal industry.

    L&L's management believes the new location will enhance its ability to connect on policy and decision making on a ministry level. It also should help increase business cooperation with other tenants and nearby companies, including the leader in the industry Shenhua Group. A former senior executive with Shenhua and L&L director, Jingcai Yang, will initially lead the Beijing office to increase business and future sales.

    The company already has established a strong operational foundation in the provinces of Yunnan and Guizhou. The move of its headquarters to Beijing should increase its exposure to new capital and customers that are headquartered nearby.

    For additional information about L&L Energy, visit www.lnlinternational.com

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    Stocks: LLEN
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