Acquisition

HENG FUNG SELLS STAKE IN CHINA GAS

PUBLISHED : Saturday, 15 March, 2003, 12:00am
UPDATED : Saturday, 15 March, 2003, 12:00am

Online credit service provider Heng Fung Holdings is selling part of its 27 per cent stake in China Gas Holdings, marking a change of significant shareholder for the second time in the past year. The firms suspended trading yesterday, pending an announcement on the sale. Heng Fung's stake was valued at about HK$282 million based on the last closing price of 88 HK cents on Thursday.


 
 
 
 

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