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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Fortune Oil | LSE:FTO | London | Ordinary Share | GB0001022960 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 10.50 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Nov 2019 to Nov 2024
TIDMFTO
RNS Number : 4000X
Fortune Oil PLC
10 January 2014
10 January 2014
Fortune Oil PLC
("Fortune Oil" or the "Company")
New Directorship of Ms Li
The Company completed the transfer of the Fortune Gas business (Fortune Gas Investment Holdings Limited) to China Gas Holdings Limited ("CGH") last year and the two companies' natural gas businesses are being integrated. As previously announced, one of the terms of the transfer was that Fortune Oil would have the right to nominate two directors to the board of CGH.
Fortune Oil is pleased to announce that Ms Li Ching, an executive director of the Company, has been appointed as an executive director of CGH with effect from 10 January 2014. Ms Li's responsibilities will include overseeing the Company's interest in respect of the Fortune Gas businesses, mainly including city gas networks, piped gas transmission, vessel gas development, and CBM development and operations.
China Gas Group Limited, the joint venture company in which the Company has a 50 per cent interest, holds 732,446,000 CGH shares, representing 14.69 per cent. of CGH total issued shares. In addition, Fortune Oil indirectly holds 184,119,463 CGH shares, representing 3.69 per cent. of CGH total issued shares. Therefore, Fortune Oil is deemed to be interested in a total of 916,565,463 shares in CGH representing 18.37 per cent. of CGH total issued shares.
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For further information please
contact:
Fortune Oil PLC
Tian Jun - Acting Chief Executive Tel: (+852) 2583
Bill Mok - Chief Financial 3135
Officer Tel: (+852) 2583
3120
VSA Capital Limited
Andrew Monk/Andrew Raca Tel: (+44/0) 203
005 5000
Background on Fortune Oil
Fortune Oil is a leading independent energy company engaged in the investment and operations of oil and natural gas supply projects in the Peoples Republic of China. Fortune Oil has acquired a unique portfolio of high quality oil and natural gas projects across the country and has formed a strong partnership with domestic and international market leaders. Fortune Oil is listed on the Main Market of the London Stock Exchange with its operational headquarters in Hong Kong.
This information is provided by RNS
The company news service from the London Stock Exchange
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