Xinao Gas Holdings Ltd (2688.HK) said unit Xinao Pinggu Investment Ltd has agreed to pay 1.98 million yuan to acquire a 20% stake in Beijing Xinao Jinggu Gas Co Ltd from Pinggu County LPG Co. Beijing Xinao is presently 30% owned by Pinggu County and 70% by Xinao Gas. (US$1=8.28 yuan). Xinao Pinggu Investment is…
CHINA: HK’s Xinao Gas to raise shareholding in Beijing Xinao Jinggu Gas
Posted on June 12, 2003 by EnergyAsia