Brief: China Gas Holdings Says Formation Of A Joint Venture

China Gas Holdings

22/12/2023 15:20

Dec 22 (Reuters) - China Gas Holdings Ltd  0384.HK :
    * FORMATION OF A JOINT VENTURE
    * UNIT AND WESTERN TRUST AND EACH OF PLATFORM COMPANIES
ENTERED
INTO COOPERATION FRAMEWORK AGREEMENT AND RELATED AGREEMENTS
    * AGREEMENT TO, AMONG OTHER THINGS, ESTABLISH JOINT VENTURE
COMPANY, IN WHICH SUBSIDIARY WILL OWN 40%
    * INITIAL CAPITAL CONTRIBUTION FROM WESTERN TRUST TO JV
AMOUNTS TO
RMB 909.6 MILLION
    * JOINT VENTURE CO SHALL OBTAIN A BANK LOAN OF RMB 2.274
BILLION
FROM INDUSTRIAL BANK

Further company coverage:  0384.HK 

 ((Reuters.Briefs@thomsonreuters.com;))