L & L International Holdings Inc. (LLFH.OB) Completes $8.18M Coal Washing, Coking Facility Acquisition
L & L International Holdings Inc. is a U.S.-based company operating coal businesses in China. The company today announced an agreement with Hon Shen Coal Company in China, in which L&L will acquire a 93 percent stake in Hon Shen’s coking facilities, as well as a 28 percent interest in Hon Shen’s coal washing facilities. The coal washing facilities have aggregate coal washing capacity of 300,000 tons, 210,000 tons from the coal washing plant and an existing 90,000-ton plant. Hon Shen's coking facilities have a combined annual production capacity of 150,000 tons. L&L expects these facilities to add roughly $18…