Earlier this month we posted on Yanzhou/JPM a couple times, See below.
Alliance Bernstein L.P. has been unloading Yanzhou Coal (HKG:1171) (NYSE:YZC) lately. We reported earlier when Alliance Bernstein L.P. has raised its shareholding in Yanzhou Coal Mining Co. ltd. (HKG:1171) (NYSE:YZC) to 7.02% from 6.98% on November 25, 2009. AllianceBernstein L.P. paid HK$15.274 for Yanzhou's H-shares then.*JP Morgan Buys MORE Yanzhou Coal, Upping Stake to 13.23% (JPM; YZC)
But now the tide has been turning and the company has been shorting Yanzhou Coal H-shares(HKG:1171). According to a statement on the website of the Hong Kong Stock Exchange (HKEx), AllianceBernstein L.P. has sold 6,440,000 H-shares in Yanzhou Coal for HK$117.97 million ($14.769 million). The average price of the share transaction was HK$17.854 apiece....MORE
JPMorgan increases stake in China's Yanzhou Coal to 11.13% Loses Money on Coal Trade (JPM; YZC)