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Description
M2 PRESSWIRE-28 September 2007-OTCPicks.com: Daily Market Movers Digest Report for Friday September 28th, CHNG, TRFX, AWNE, RHGP, GZGT(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:28092007
Our Stocks to Watch today include China Natural Gas (OTCBB: CHNG), Traffix Inc (NASD: TRFX), Americas Wind Energy (OTCBB: AWNE), Renhuang Pharmaceuticals (OTCBB: RHGP), Guangzhou Global Telecom (OTCBB: GZGT)
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CHINA NATURAL GAS (OTCBB: CHNG) "Up 28.7% on Thursday"
Detailed Quote: http://finance.yahoo.com/q?s=CHNG.OB
China Natural Gas, Inc., ("CHNG"), is the first China-based natural gas company publicly traded in the US. It currently owns and operates a 120 kilometer long compressed natural gas pipeline in Xi'an, China, a fast growing Chinese city supported by a population of approximately eight million and is the "gateway" to the broad Western regions of China. CHNG has three profitable business segments: end user delivery of natural gas services to residential, commercial and industrial customers; wholesale natural gas to retail natural gas filling stations; and retail natural gas at company-owned natural gas filling stations. The city of Xi'an has approximately 20,000 Taxis, 3,000 buses and 2,000 special purpose vehicles that are powered by compressed natural gas.
CHNG News:
September 27 - China Natural Gas Announces Government Approval for Diversified Natural Gas Project
China Natural Gas, Inc. (OTCBB: CHNG), one of the leading providers of pipeline natural gas for industrial, commercial and residential use and compressed natural gas (CNG) for vehicular fuel in Xi'an, China, recently announced that it received government approval from the Shaanxi Province to pursue a diversified natural gas project, which when completed will enable China Natural Gas to produce various natural gas products, including liquefied natural gas ("LNG"), liquefied petroleum gas, dry ice, and sulfur. As part of the project, China Natural Gas plans to complete an LNG processing and distribution facility in Jingbian County, Shaanxi Province, in the first half of 2009.
The Company held an opening ceremony on September 20, 2007 to celebrate the beginning of the project. The governor of Jingbian County in the Shaanxi Province, representatives from the Development and Reform Commission of the Shaanxi Province, representatives from the Development and Reform Commission of the city of Xi'an, as well as Company delegates and consultants from Chemtex Engineering Co. and PetroChina, attended the opening ceremony and spoke in support of the project.
Mr. Qinan Ji, Chairman and CEO of China Natural Gas, stated, "We are so pleased to successfully gain government approval to pursue our diversified natural gas project, which when completed will be the first LNG facility in the Shaanxi Province and we believe will be the second largest in China. The approval process for projects of this type is lengthy and arduous --... |
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