SK E&S increases stake in China Gas

The South Korean natural gas operator currently holds 9.44% of the issued shares of China Gas.

A major shareholder of leading PRC piped-gas operator China Gas Holdings Limited (“China Gas”), SK E&S Co. Ltd. (“SK E&S”), informed the Hong Kong Exchanges and Clearing Limited that it has purchased 162,064,000 shares of the Group from open market. It currently holds 9.44% of the issued shares of China Gas (as at 2 November 2010), according to a China Gas report.

SK E&S is the subsidiary of SK Group, specializing in city gas distribution, power generation and energy-related business and services. It is the largest city natural gas operator in South Korea.

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