10 January 2012 05:22 [Source: ICIS news]
ACG will issue new shares to Xinjiang Guanghui for the planned acquisition, the company said in a statement to the Shanghai Stock Exchange.
The acquisition will make Xinjiang Guanghui a 51% stakeholder in the southern Imashevsky oil and gas field in
ACG is currently wholly owned by Foren Associates, according to the statement.
Xinjiang Guanghui engages primarily in petroleum, coal, coal chemical and liquefied natural gas (LNG) production and distribution in
($1 = €0.78)
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