HK-listed China Tian Lun Gas hits 22-month high as Zhuhai Port buys stake

Tian Lun Gas Holdings

08/06/2021 03:44

** Shares of LNG producer and distributor  1600.HK  rise
4.1% to HK$8.81, their highest since Aug 2019 
    ** Stock on track for the best day since May 20 and third
consecutive session of gains    
    ** Co says shipping and logistics group Zhuhai Port Co Ltd
 000507.SZ  will buy 11.96% of Tian Lun from controlling
shareholder Zhang Yingcen at HK$7.68 per share for HK$921.6 mln
($118.8 mln)  urn:newsml:reuters.com:*:nFWN2NP0S8
    ** Says the deal will diversify its shareholding structure
and strengthen its business network
    ** The Hong Kong composite Industry Index tracking energy
stocks  .HSCIE  slips 1%
    ** The Hong Kong composite Industry Index tracking utilities
 .HSCIU  gains 0.3%
    ** Both the Hang Seng China enterprises index  .HSCE  and
the benchmark index  .HSI  climb 0.3%



($1 = 7.7583 Hong Kong dollars)

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