Hong Kong-listed Panva Gas Holdings is acquiring a controlling stake in a loss-making state-owned gas project in China’s north-eastern province of Liaoning for 70.49 million yuan (US$8.5 million). Panva, through subsidiary Panriver Investments, will buy 51% of Anshan City Gas from Anshan City Public Utilities Management Bureau. Panva is a leading foreign investor…
CHINA: Panva Gas taking over Anshan city gas operations for US$8.5 million
Posted on January 5, 2005 by EnergyAsia