PetroChina higher 5% oil price rebound to buy gas business depending on the positive

Earlier shareholders were able to pass through billions of dollars in the issuance programme of PetroChina, the H shares this morning marked a significant 5.05% to 8.46 Hong Kong dollars, 10.885 million shares before the deal. China oil A shares (601857-CN) now also rose 1.62% to 13.18 yuan.　　The company announced that its wholly owned subsidiary, Kunlun Gas, spent 1.094 billion yuan, acquiring all or part of the company's eight city gas companies, and said the acquisition would help integrate its gas business with the city's gas industry. Some market comments that, in the current gas price expectations, natural gas assets injected or will be understood as good news, because the gas business with the support of the Chinese government, the future profit prospects. And last night the international oil price rebounded sharply closer to $60 a barrel, which helped share the price. But the size and effect of the acquisition is still more than the size of China's current business