Companies & Finance

Xinjiang Xintai Natural Gas looking to acquire 50.5% of AAG Energy Holdings

Xinjiang Xintai Natural Gas plans to acquire a 50.5% interest in Hong Kong-listed AAG Energy Holdings.
By Staff reporter 16 May 2018 0 30882

Xinjiang Xintai Natural Gas plans to acquire a 50.5% interest in Hong Kong-listed AAG Energy Holdings for approximately RMB 2.5 billion ($392 million), Shanghai Securities News reported on Tuesday.

Shares in Xintai on the Shanghai Stock Exchange have been suspended from trading for nearly two months, according to the report.