China Gas launches $1.55bn share sale

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By Jonathan Breen
21 Apr 2021

China Gas Holdings has kicked off a top-up share placement, eyeing up to HK$12.05bn ($1.55bn), according to terms seen by GlobalCapital Asia.

The natural gas distributor turned to investors after Hong Kong market's closed on Wednesday. It is selling 392m shares, which represents 7% of its enlarged share capital.

The stock is on the table with price guidance of HK$29.75 to HK$30.75, offering investors an enticing 5.96% to 9.02% discount ...

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