SK E&S eyes $1.5bn from China Gas exit

Gas cooking cooker flame from Adobe 5 Mar 20 575x375
By Jonathan Breen
16 Apr 2020

South Korean energy company SK E&S has launched a block sale of up to HK$11.8bn ($1.52bn) in China Gas Holdings, according to a term sheet seen by GlobalCapital Asia.

The vendor is looking to exit its position in China Gas. It is selling 535m of its shares in the Hong Kong-listed company.

Citi and Credit Suisse are the bookrunners of the trade and launched an accelerated bookbuild on Thursday evening, after the stock market closed in ...

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