China Gas Holdings (HK:0384) has released an update.
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China Gas Holdings is moving forward with the spin-off and separate listing of its subsidiary, YPH Inc., on the US market. The proposed spin-off, which involves an offering of American Depositary Shares, aims to enhance shareholder value without requiring shareholder approval. Investors should exercise caution as the spin-off is still subject to regulatory approvals and market conditions.
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