China Gas Holdings Ltd
HKG:0384 ISIN:BMG2109G1033
News
US stocks soared on Friday after the Labor Department data showed that job cuts fell sharply in November. The news fuelled the expectations that the US Federal Reserve might consider increasing interest rates.
Leading PRC piped gas operator China Gas Holdings Limited ("China Gas")(HKG:0384) and IMW Industries Ltd. ("IMW") from Canada signed a Memorandum of Understanding ("MOU") today committing to form a strategic partnership to develop compressed natural gas ("CNG") for natural gas vehicles ("NGV") both in the PRC and potential markets around the world.
Today the major indexes in Asia have been hit by the unfavourable news from the US. Asian share markets ended mixed yesterday indexes moved up and down in a narrow range. Shanghai continued its rally over government stimulus measures with a rise of 1.8 percent, and also led the Hong Kong shares up 0.8 percent. Tokyo and Seoul markets closed slightly lower as market was weighed down by the worries over the US rescue plan.
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