Tuesday, June 12, 2007

China Aviation Oil Shares Surge on Speculation It May Announce Acquisition

(Bloomberg) -- Shares of China Aviation Oil
(Singapore) Corp. had their biggest gain in more than a month on
speculation the company will announce asset acquisitions.

The jet-fuel trader's shares rose as much as 18 cents, or
9.3 percent, to S$2.12 on the Singapore exchange. That was the
largest one-day increase since May 2. The stock was at S$2.09 at
12:28 p.m. Singapore time.


Read more at Bloomberg Energy News

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