China LNG 0931 ( former Artel )

China LNG 0931 ( former Artel )

Postby winston » Wed Jul 30, 2014 7:44 am

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CHINA LNG (00931.HK) grows 7.1% over disposal of CBs
2014/06/23

CHINA LNG (00931.HK) 0.000 (0.000%) Short selling $302.60K; Ratio 1.079% had disposed convertible bonds of WARDERLY (00607.HK) 0.000 (0.000%) to Magnolia Wealth at a consideration of $380 million.

Share price of CHINA LNG peaked at $0.75 this morning, then rebounded 4.3% to $0.73 after midday. Trading volume was 40.46 million shares.

Share price of WARDERLY reached the early peak at $0.36, and last stood at $0.32, up 12%. Trading volume reached 38.7 million shares.

Source: AAStocks Financial News
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Re: China LNG 0931 ( former Artel )

Postby winston » Wed Sep 24, 2014 5:09 pm

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China LNG Prospects Lift Hong Kong Businessman Billy Kan Into Billionaire Ranks

Hopes for expansion in China’s natural gas market by Hong Kong-listed China LNG Group have lifted the company’s chairman Billy Kan into the ranks of the world’s billionaires.

Kan’s 73.6% stake in the company was worth HK$23.6 billion, or $3 billion, after the close of trading today.

The company’s shares have climbed four times in value since the end of June. They rose 18% today to HK$18.75.

China LNG changed its name from Artel Solutions earlier this year, and is refocusing its business on LNG.

Kan holds a degree from the University of East Anglia, and previously worked for Deloitte and KMPG.

Source: Forbes
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Re: China LNG 0931 ( former Artel )

Postby winston » Thu Sep 25, 2014 3:15 pm

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<Stock on Move>CHINA LNG (00931.HK) tumbles 70% at most

CHINA LNG (00931.HK) saw increasing selling orders after 2 pm with share price once down 70% to $0.86, which has offset the accumulated gains in the recent month.

The stock is last trading at $1.82, down 36%, with volume surging to 994 million shares.

Source: AAStocks Financial News
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Re: China LNG 0931 ( former Artel )

Postby winston » Tue Oct 07, 2014 6:38 am

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Mongolia deal as LNG giant surges

China LNG Group (0931) said it will invest in liquefied natural gas projects in Baotou city, Inner Mongolia, after its shares rose 35.71 percent yesterday just before trading was halted on the stock.

The Hong Kong-based company inked a strategic cooperation framework agreement with Baotou Rare Earth High-Tech Industrial Development Zone Committee to develop the LNG business.

The group intends to set up two subsidiaries with registered capital of US$30 million (HK$234 million) and US$50 million to engage in "LNG application-oriented businesses" and "finance leasing businesses" in relation to transformation into and leasing of LNG vehicles.

Meanwhile, the Baotou zone committee agreed to provide preferential taxation polices on enterprise income tax and valued-added tax to the subsidiaries.

China LNG shares rebounded by as much as 42 percent yesterday to HK$1.59 before closing at HK$1.52.

The company said it is not aware of any reason for the price surge and trading volume of HK$699.6 million.

The stock is to resume trading today.

Source: the Standard HK
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