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

|About: Longwei Petroleum Investmen... (LPIH)|By:, SA News Editor

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).