黄了！青海公司“闪退”后，山东上市公司也突然宣布：终止对澳大利亚公司的并购

Core Viewpoint - The cross-border acquisition of Highfield Resources Limited by Yanzhou Coal Mining Company has been officially terminated due to unmet conditions in the agreements, marking the end of a nearly year-long negotiation process [1][2]. Group 1: Acquisition Details - Yanzhou Coal Mining announced the termination of the "Implementation Agreement" and "Equity Subscription Agreement" with Highfield Resources, stating that the preconditions were not fully met by the deadline [2]. - The acquisition was initially seen as a strategic move for Yanzhou Coal to enhance its position in the global potash market by injecting its subsidiary, Yancoal Canada, which holds significant potash resources [3]. Group 2: Market Reactions and Developments - The acquisition process faced complications, including the unexpected involvement of Qinghai Salt Lake Industry, which aimed to become the largest shareholder of Highfield Resources through a $300 million cash subscription [4]. - Following the withdrawal of Salt Lake Industry from the partnership, Yanzhou Coal decided to terminate the acquisition, indicating a shift in strategy [4][5]. Group 3: Future Plans - Despite the termination of the acquisition, Yanzhou Coal has not abandoned its plans in the potash sector and intends to continue developing its Canadian potash project while adhering to market principles [6].