Fortune Oil Buys Addl China Gas Shares

Fortune Oil Plc (FTO.L: News ) confirmed that it has purchased, on behalf of its Joint Venture with LIU Minghui, 33.91 million additional shares in China Gas Holdings Ltd or CGH, taking the overall Joint Venture holding in CGH to 385.03 million shares, representing 8.78% of CGH's issued share capital.

Fortune Oil noted that these shares have been acquired pursuant to the obligations under the Joint Venture agreement, as part of the Company's original contribution to the joint venture of HK$700 million.