China Resources Defends Deal For Coal Mines

Law360, New York (July 18, 2013, 6:26 PM EDT) -- China Resources Power Holdings Co. on Thursday defended its 2010 acquisition of coal mines in northern China, responding to allegations that it intentionally overpaid and has since failed to comply with securities disclosure rules or secure required permits. 

In a filing to the Hong Kong stock exchange, the company said it paid a fair price for the mines' holding company, Shanxi Jinye Coking Coal Group Co., and that it was not required to make regular reports because its stake was under 50 percent. It also said...
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