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Longwei Petroleum (LPH) +36.3% premarket on news it will complete the purchase of the assets of...

Longwei Petroleum (LPH) +36.3% premarket on news it will complete the purchase of the assets of Huajie Petroleum, a fuel storage depot in China's Shanxi province with a 100K metric ton storage capacity, by the end of this month. LPH will acquire Huajie for a total purchase price of RMB 700M ($110.6M).
Comments (1)
  • Giovanni di Maggio
    , contributor
    Comments (47) | Send Message
     
    This is the first step to the promised payment of dividends, which will bring the stock where it belongs: above $10.
    24 Sep 2012, 09:10 PM Reply Like
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