PRC piped gas distributor launches Hong Kong IPO

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    clpstaff &clp articles

    China Tian Lun Gas Holdings (Tian Lun) has debuted on the Hong Kong Stock Exchange, raising HK$409 million (US$52.75 million). The sole sponsor of the…

    China Tian Lun Gas Holdings (Tian Lun) has debuted on the Hong Kong Stock Exchange, raising HK$409 million (US$52.75 million). The sole sponsor of the listing was CCB International Capital.

    Henan-based Tian Lun is a natural gas distributor, and the company plans to use its offering proceeds to acquire or develop new urban gas projects and for the construction of gas processing stations, gas pipeline networks and other gas supply facilities.

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