Ipco International Limited said that it had, jointly with Innopac Holdings, and a Chinese businessman, Mr. Su Xuan, incorporated a new joint venture company in Singapore named Sino Gas Holding.
The initial issued and paid-up share capital of Sino Gas is S$10,000. The Company and Innopac have each subscribed and allotted 45% of the share capital. Mr. Su has subscribed and allotted the remaining 10% of the share capital.
Sino Gas is incorporated to invest in natural gas or natural gas related projects in the People’s Republic of China, particularly in Shandong province.
[mappress] LNG World News Staff, November 19, 2012; Image: Ipco