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.