Shuifa Energas Gas to Issue Up to 500 Million Yuan Worth of Shares to Controlling Shareholder
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Shuifa Energas Gas agreed to privately issue shares worth up to 500 million yuan to its controlling shareholder, Shuifa Group, according to a Wednesday disclosure on the Shanghai bourse. The Chinese gas distributor will issue 94,517,958 shares for 5.29 yuan each. The board approved the plan on Tuesday, the disclosure said.
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