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Fortune Oil report purchase of additional China Gas shares


Published Jul 9, 2012
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Fortune Oil

Fortune Oil confirms that Fortune Max Holdings Limited (Fortune Max) has purchased 17,984,000 additional shares in China Gas Holdings Ltd ("CGH"; 0384.HK) since the announcement made on 1 June 2012.

Fortune Max is a private company controlled and beneficially owned by Mr Daniel Chiu, a director and substantial shareholder in Fortune Oil. Fortune Max is therefore deemed for the purposes of the Hong Kong Code on Takeovers and Mergers ("the Code") to be an associate of China Gas Group Limited ('CGG"), the Joint Venture between Fortune Oil and Mr LIU Minghui.

Tags: Fortune Oil




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