UPDATE 2-Siamgas unit to acquire Chevron Ocean Gas for $51 mln

Newswire

* Funds the buy with working capital * Acquisition helps it expand in China and SE Asia * Sees net profit, revenue up 25 pct in 2010 (Adds executive quotes) By Manunphattr Dhanananphorn and Ploy Ten Kate BANGKOK, Sept 30 (Reuters) - Thailand's Siamgas and Petrochemicals PCL said on Wednesday a wholly owned subsidiary would buy a 99 percent stake in Chevron Ocean Gas & Energy Ltd from Chevron China Ltd for $51 million. Siamgas HK Ltd's acquisition of Chevron Ocean Gas, which ...

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