China Resources Gas Will Raise HK$2.46 Billion for Purchases in Placement

China Resources Gas Group Ltd. will raise a net HK$2.46 billion through a placing of 230 million shares at HK$10.75 each to fund the acquisition of more “downstream” city-gas distributors in China.

The company’s shares will resume trading in Hong Kong tomorrow, China Resources Gas said in a filing to the city’s stock exchange today.

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