LNG shares rise 10% on China sale

Shares in Liquefied Natural Gas are up over 10 per cent as the company confirmed it has agreed to sell a 20 per cent stake to Chinese state-owned oil and gas giant CNPC for around $25.6 million.
LNG says CNPC subsidiary, China Huanqiu Contracting & Engineering Corporation, would become LNG's largest shareholder after the purchase of the 19.9 per cent stake.
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Source: The Sydney Morning Herald