China Suntien Unit to Form Natural-Gas Venture With PetroChina
China Suntien Green Energy Corp. said its unit will form a liquefied natural-gas venture with PetroChina Co. and Beijing Enterprises Group Co.
PetroChina will own 51 percent of the venture, which has a registered capital of 2.6 billion yuan, according to a statement to the Hong Kong stock exchange today. Beijing Enterprises will hold a 29 percent stake in the venture and Suntien 20 percent, it said.
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