Elevator Pitch
China Gas Holdings (CGHOF) (CGHLY) [384:HK], a Hong Kong listed Chinese gas distribution company, has seen its share price rally by over 5% on Thursday July 4, 2019, following an announcement by The National Development and Reform Commission regarding connection fee review, which removed a key regulatory overhang on the stock.
China Gas has been the front runner among its peers in expanding its gas distribution business to the rural areas of China to build a meaningful customer base of 7 million households, which positions itself for future