December 29, China Gas Industry Investment Holding Co.Ltd (CGII) held an online ceremony to launch its stocks in HKEX main board in Tangshan and Hongkong. CGII became the first industrial gas company from Hebei province to be listed on the main board of HKEX, and it is also the first HBIS subsidiary listed in Hongkong. CGII is the second largest industrial gas supplier in Beijing-Tianjin-Hebei Region.
HBIS has been investing in new strategic industries and developing new industrial chains, with maintaining the advanced nature and competitiveness of the main steel industry. CGII listing in HKEX is just one of the achievements in its efforts.
December 16, CGII launched its offering in the main board. December 29, CGII started trading with the ticker symbol 1940.HK.
The listing adds a new paradigm for SOE reform in Hebei province and a new solution to HBIS non-steel industry to explore a new development path such as raising low-cost funds to improving the asset liquidity and cashability.