Sk Gas sells 0.98 percent percent state in the China Gas Holdings

Sk Gas sells 0.98 percent percent state in the China Gas Holdings

A Unit of South Korea’s third largest conglomerate SK Group, SK Gas Co., said on Tuesday that it will sell half of 1.96 percent state in Hong Kong-listed China Gas Holdings to its affiliate SK E&S Co., a local city gas provider for 79 billion won.

SK E&S said in a news release “We have decided to buy the stake in China Gas Holdings as it sells city gas to 12 million households in China and has a high growth potential,”

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