Brief: Honghua Group's Unit Enters Service Agreement In Respect Of Shale Gas Fracturing

Honghua

23/12/2019 12:14

Dec 23 (Reuters) - Honghua Group Ltd  0196.HK :
    * UNIT ENTERS SERVICE AGREEMENT IN RESPECT OF SHALE GAS
FRACTURING
WITH UNIT OF CHINA NATIONAL PETROLEUM CORPORATION
    * TOTAL CONSIDERATION FOR DEALS EXPECTED TO EXCEED RMB50
MILLION
    * TOTAL CONSIDERATION FOR TRANSACTIONS CONTEMPLATED UNDER
SERVICE
AGREEMENT IS EXPECTED TO EXCEED RMB50 MILLION
    * UNDER AGREEMENT, ALL-ELECTRIC GENERAL FRACTURING SERVICE
WILL BE
PROVIDED TO A SHALE GAS DEVELOPMENT PLATFORM IN CHANGNING BY
CO'S UNIT

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS1dMT17
Further company coverage:  0196.HK 

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