摘要
Sinopec entered into a strategic cooperation agreement with China Gas Holdings Limited in Beijing on Novemberl, under which both parties will forge a strategic partnership in the natural gas field. Meanwhile, Sinopec will subscribe a total of 210 million new shares at a subscription price of HK$0.61 per share, and the number of shares involved accounts for 11.87% of the total issued capital and 10.61% of the enlarged total capital of China Gas, thus enabling Sinopec to become the second largest shareholder of China Gas.
Sinopec entered into a strategic cooperation agreement with China GasHoldings Limited in Beijing on November 1, under which both parties will forge a strategicpartnership in the natural gas field. Meanwhile, Sinopec will subscribe a total of 210 million newshares at a subscription price of HK$0.61 per share, and the number of shares involved accounts for11.87% of the total issued capital and 10.61% of the enlarged total capital of China Gas, thusenabling Sinopec to become the second largest shareholder of China Gas. Such subscription representsan issue of shares by China Gas to Sinopec and the proceeds of HK$128.1 million will be used in thenew projects under development of China Gas in the China's Mainland. Sinopec promised that it willnot dispose the above subscribed shares within the 12 months from the completion date of thesubscription.
