LONDON (AFX) – Fortune Oil PLC said it has decided to exit the loss-making AcroChina Technology Inc as it is no longer core to Fortune’s core operations. The company is selling its 51% stake in AcroChina to Crown United Ltd, a private company, for HK$2.8 million. (US$1=HK$7.87). The news accompanied an announcement that Fortune has…
CHINA: Fortune Oil sells AcroChina stake to Crown United for HK$2.8 million
Posted on December 4, 2003 by EnergyAsia