The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
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Fortune Oil Plc (FTO.L: News ) confirmed that it has purchased, on behalf of its Joint Venture with LIU Minghui, 33.91 million additional shares in China Gas Holdings Ltd or CGH, taking the overall Joint Venture holding in CGH to 385.03 million shares, representing 8.78% of CGH's issued share capital.
Fortune Oil noted that these shares have been acquired pursuant to the obligations under the Joint Venture agreement, as part of the Company's original contribution to the joint venture of HK$700 million.
Along with the rapid development of China's energy industry, China Oil & Gas Pipeline network is experiencing unprecedented great structure, large-scale construction and giant leap. Read More >
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