China sovereign fund buys stake in Kazakhstan oil, gas firm

(Xinhua)
Updated: 2009-10-01 09:09

The China Investment Corporation (CIC), the country's sovereign wealth fund, Wednesday announced it had paid $939 million for a stake in Kazakhstan oil and gas company JSC KazMunaiGas Exploration Production (KMG EP).

CIC had purchased about 11 percent of the Global Depository Receipts (GDRs) of the KMG EP through CIC's wholly-owned subsidiary, the Fullbloom Investment Corp, said a statement on the CIC website.

GDRs are negotiable certificates issued by depositary banks that represent ownership of a given number of a company's shares. GDRs can be listed and traded independently. KMG EP stocks are listed on the Kazakhstan Stock Exchange and its GDRs are traded on the London Stock Exchange.

KMG EP's GDRs rose 9.95 percent to $22.1 on Wednesday morning's trade in London.

(For more biz stories, please visit Industries)

亚洲视频免费一区,国产欧美综合一区二区,亚洲国产观看,91精品啪在线观看国产91九色,日本又黄又粗暴的gif动态图含羞,麻豆国产一区二区在线观看,中文字幕在线二区