Brief: Towngas China Co Enters Capital Increase Agreement With Shenergy Group And Shanghai Gas Co

Hong Kong and China Gas

27/10/2020 09:35

Oct 27 (Reuters) - Towngas China Company Ltd  1083.HK :
    * ENTERED CAPITAL INCREASE AGREEMENT WITH SHENERGY GROUP AND
SHANGHAI GAS CO
    * UNDER AGREEMENT, CO TO INCREASE REGISTERED CAPITAL OF
SHANGHAI
GAS BY CAPITAL CONTRIBUTION IN AMOUNT OF RMB4.7 BILLION
    * STAKE IN SHANGHAI GAS CO WILL BE OWNED 25% BY TCCL AND 75%
BY
SHENERGY GROUP

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSc8zNfl
Further company coverage:  1083.HK 

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