China pipeline giant pays big premium for assets, boosts oil and gas shares
  • PipeChina, formed in December, pays a 43 per cent premium above the net asset value for Sinopec Kantons’ 900km Yulin-Jinan pipeline
  • Daiwa analyst says the sale bodes well for the spin-off of other pipeline assets owned by Chinese oil giants
22 Jul 2020 - 11:09PM