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China Oil & Gas Group buys 80pct stakes of Plentigreat |
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News Archive -
Oil, Gas & Petrochemicals - Nov news
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(Sina.com, Dec 20, 2006) China Oil & Gas Group announced on Dec. 19, 2006 that it will buy 80 per cent of stakes in the Nanjing-based Plentigreat for HK$133 million, which will lay a solid foundation for it to become a major company that runs natural gas stations in Nanjing, Jiangsu Province.
China Oil & Gas Group promised to offer Plentigreat a loan of HK$15 million for construction of natural gas stations within four months after completion of the deal. Plentigreat was approved to run natural gas stations in Nanjing. source:Sina.com Drawn from Chinese language press |