GDG - Green Dragon Gas Ltd. (DI)
Latest Prices
Name Price %
Green Dragon Gas Ltd. (DI) $10.35 +15.64%
Mining 26,070 -0.87%
LONDON (SHARECAST) - Coal-bed methane gas producer Green Dragon Gas
rose 15% Monday after it announced a main board listing on the Hong
Kong Exchange in 2011.
While maintaining its current AIM listing, the group sees Hong Kong as
an "optimum market" with a "greater institutional appreciation of the
value of the company's unconventional gas assets".
Furthermore, the company has had quotes from several manufacturers for
the supply of a drilling fleet of 25 rigs – complementing the existing
fleet of seven – which are expected to start delivery in 2011.
"Hong Kong is the logical home for a main board listing," says
chairman and CEO Randeep Grewal.
"Hong Kong is increasingly becoming a home for commodity and asset
backed companies which have core operations in China or are linked to
the Chinese consumer."
Green Dragon Gas Quote in London:
http://www.google.co.uk/finance?q=LON:GDG
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