China's AAG Energy falls to 2-mth low on management shuffle

AAG Energy Holdings

27/08/2018 04:20

** Shares of AAG Energy Holdings Ltd  2686.HK  fall 8 pct to
HK$1.38, the lowest since June 28, after the coalbed methane
producer announces a management reshuffle
    ** The shares head for their worst day since April 2016
    ** Co, which saw its H1 profit jump 223 pct, says chairman
Stephen Zou resigns, replacing executive director Ming Zaiyuan
 urn:newsml:reuters.com:*:nFWN1VH00I urn:newsml:reuters.com:*:nFWN1VF0OJ
    ** Ming through his controlled-Xinjiang Xintai Natural Gas
Co Ltd  603393.SS  owns 50.4 pct of the Hong Kong-listed firm
    ** As of the previous close, the stock had risen 32.7
percent so far this year
    ** As of 0257 GMT, about 1.17 million company shares change
hands, compared with their 30-day moving average of 325,950
shares a day


 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)