Seeking Alpha

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.
Comments (1)
  • Mopar44134
    , contributor
    Comments (6) | Send Message
     
    I'm new to all this. Why is the stock dropping again? Quarterly report seemed good. establishing a new alliance seems like it would be a positive.
    20 Aug 2013, 01:59 PM Reply Like
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