HONG KONG (AFX-ASIA) – China’s piped-gas distributor Panva Gas Holdings Ltd (8132.HK) said it is acquiring a 90% stake in Sichuan province-based Yuechi Natural Gas Co for 37 million yuan. (US$1=8.27 yuan). In a statement, Panva said it entered into a non-legally binding agreement detailing its interest to buy the stake from Yuechi municipal government…
CHINA: Hong Kong-listed Panva Gas to buy 90% of China gas co for 37 million yuan
Posted on January 27, 2004 by EnergyAsia