China Knowledge reported that Templeton Asset Management Ltd a subsidiary of California based investment management organization Franklin Resources Inc has increased its shareholding in Yanzhou Coal Mining Co to 12.05% from the 11.94% it held earlier.

Information from HKEx showed that Templeton on December 2nd bought about 2 million H shares of Yanzhou Coal Mining at an average price of HKD 21.85 per share.

Yanzhou Coal Mining, China third-largest coal producer by market value saw net profit amount to CNY 6.31 billion in the first three quarters up by 108.49%YoY due to increases in both coal sales volume and coal prices.

(Sourced from China Knowledge)