China Gas plans $1.5b share sale for new gas projects, business development

China Gas plans $1.5b share sale for new gas projects, business development

FILE PHOTO: Gas storage facilities owned by China Gas Holdings are seen at a refueling station for ships in Chongqing, China December 12, 2017. REUTERS/Chen Aizhu

China Gas Holdings Ltd plans the sale of HK$11.66 billion ($1.50 billion) worth of new shares to major shareholders, to raise capital for gas projects and expansion.

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