L&L Energy -8% premarket after announcing alliance to complete acquisition

|About: L&L Energy, Inc. (LLEN)|By:, SA News Editor

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.