Yanzhou Coal Falls Most in More Than Two Years After Potash Acquisitions

Bloomberg reported that shares of Yanzhou Coal (NYSE:YZC) fell 14% following the company’s purchase of Canadian potash permits.

As quoted in the market news:

“Investors certainly do not like it,” said Lawrence Lau, a Hong Kong-based analyst at Bank of China Ltd. “It’s entering a field the company is not familiar with or has experience in. Potash is not even remotely part of Yanzhou’s core business.”

Click here to read the entire Bloomberg report.