Industry
SK Gas sells 0.98 pct stake in China Gas Holdings.
Dec. 23, 2014
SK Gas Co., a unit of South Korea's third-largest conglomerate SK Group, said Tuesday that it will sell half of its 1.96 percent stake in Hong Kong-listed China Gas Holdings to its affiliate SK E&S Co., a local city gas provider, for 79 billion won ($71.7 million). The stake sale aims to secure funds to acquire Dongbu Power Dangjin Corp., the operator of a coal-fired thermal power plant in South Chungcheong Province, and push for a project to build a propane dehydrogenation plant which produc