Sngapore-listed Ipco International Ltd has bought into piped natural gas distributor, China Gas Holdings Ltd, to become the Hong Kong-based company's largest shareholder.
Ipco, which specialises in the construction of oil and gas production facilities, including pipelines, is reported to have bought a 26.39% stake, or 320 million shares, in China Gas from Heng Fung Holdings Ltd and its subsidiaries in a deal worth HK$304mil.
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