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    1938 — Chu Kong Petroleum and Natural Gas Steel Pipe Holdings News Story

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    Brief: Chu Kong Petroleum And Natural Gas Steel Pipe Holdings Announces Disposal

    Picture of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings logoChu Kong Petroleum and Natural Gas Steel Pipe Holdings
    12/02/2018 10:04
    Feb 12 (Reuters) - Chu Kong Petroleum And Natural Gas Steel 
Pipe Holdings Ltd  1938.HK : 
    * ANNOUNCES DISPOSAL OF 59% STAKE  IN PANYU CHU KONG STEEL 
PIPE 
CO LTD 
    * ESTIMATED GAIN ON DISPOSAL AFTER CHANGE OF LAND USE IS 
RMB4.19 
BILLION 
    * PURSUANT TO DEAL, INVESTOR & NOMINEE TO INJECT CAPITAL 
INTO 
TARGET CO & BUY 19% OF STAKE ITS FOR RMB240 MILLION 
 
Source text for Eikon:  ID:nHKS660FSx  
Further company coverage:  1938.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))

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