US buyout firm Newbridge Capital has agreed to sell back to the controlling shareholder a 24.99 per cent stake in Xinjiang Guanghui LNG Development for US$45.96 million, after the gas distributor failed to secure supply to support expansion.
As its name suggests, PetroChina Company Ltd is the listed arm of state-owned China National Petroleum Corporation (CNPC). It is China's biggest oil producer, and is listed in Hong Kong, New York, and Shanghai.
You may also like
In partnership with: HKT PREMIER