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    Posted Dec 22nd 2003, 12:00am by Staff Reporter

    ... China Gas Holdings have voted down a motion to issue more convertible bonds, putting paid to the company's cash call. The company said its plan was thwarted in a special general meeting ... a key condition for the dividend payout was Taiwan financial group Fubon Financial Holdings' intention on making a general offer for the bank's shares, the company said yesterday. ...

  2. CRE plans stake in Zhengzhou gas firm

    Posted Sep 27th 2003, 12:00am by Denise Tsang

    ... Denise Tsang China Resources Enterprise (CRE) is in talks to buy a stake in piped-gas supplier Zhengzhou Gas Holdings, the blue-chip conglomerate's latest attempt to move ... while the number of shares to be sold and the acquisition price were not discussed. Foreign investors such as blue chip Hong Kong and China Gas, Xinao Gas Holdings, Panva Gas Holdings and Wah ...

  3. Xinao expands into Changsha

    Posted Aug 09th 2003, 12:00am by Eric Ng

    ... founded by Xinao Gas China Investment, a wholly-owned subsidiary of Xinao Gas, and Changsha City Gas (Changsha Gas), a supplier of piped coal gas. Xinao Gas China will hold a 55 per cent stake ... Mainland gas distributor Xinao Gas Holdings has expanded into Changsha, the capital of Hunan province, and aims to boost its potential customer base by more than 12 per cent to 16 million ...

  4. Upgrades and downgrades

    Posted Aug 07th 2003, 12:00am by Staff Reporter

    ... between last year and 2005. He raised his price target from $2.30 to $2.50. HOLD Hong Kong & China Gas Sun Hung Kai Research has upgraded its rating from 'sell' to 'hold', citing growth opportunities from downstream gas distribution projects in China. Analyst Anita Hwang said Hong Kong's gas market was saturated and organic annual growth rates for the company ...

  5. PetroChina eyes second gas link

    Posted Aug 13th 2003, 12:00am by Eric Ng

    ... The country's largest producer of the fuel plans to build another pipeline to connect Beijing to its Shaanxi fields PetroChina, the country's largest oil and gas producer, plans ... in Shanxi, Hebei and Shandong provinces. A PetroChina spokesman said the planned pipeline would be designed to deliver 12 billion cubic metres (bcm) of gas a year, equivalent to the capacity ...

  6. Panva Gas pushes deeper into mainland

    Posted Nov 18th 2003, 12:00am by Denise Tsang

    ... Denise Tsang Panva Gas Holdings will have ploughed 250 million yuan (HK$232.25 million) into four piped-gas projects in Sichuan province by the first quarter of next year in its latest ... in the fledgling but increasingly competitive piped-gas market in China as the country promotes the use of environmentally friendly natural gas through foreign investment. 'Sichuan is one ...

  7. Strong sales growth boosts Panva Gas 36pc

    Posted Aug 14th 2003, 12:00am by Denise Tsang

    ... The figures escape the impact of the central government's new VAT policy Mainland gas supplier Panva Gas Holdings saw net profit soar 36 per cent to $83.01 million in the first six ... to piped-gas services to replace a business tax starting from January 1. Panva's counterpart Wah Sang Gas Holdings has since set aside $12 million in provisions for the VAT. 'Our auditor ...

  8. Upgrades and downgrades

    Posted Aug 21st 2003, 12:00am by David Robinson

    ... the area contained four gas discoveries with ultimate recoverable reserves that could amount to 10 trillion cubic feet. The analysts said the proximity of the Xihu Trough to major gas markets in eastern China represented an attractive gas-development scenario. Merrill has lifted its price objective for CNOOC to $14.30. It closed at $13 yesterday. HOLD BYD DBS Vickers Securities has kept ...

  9. PetroChina shares fall on Buffett pullout

    Posted Aug 16th 2003, 12:00am by Staff Reporter

    ... Shares in the mainland's largest oil and gas producer, PetroChina, dropped yesterday after United States investor Warren Buffett reportedly reduced his holdings of American depositary ... holding 13.35 per cent of the issued H shares in PetroChina, according to data from Hong Kong Exchanges and Clearing. PANIC SELLING PetroChina shares fell 2.12 per cent to HK$2.30, but had dipped ...

  10. Wah Sang dives as SFC probe derails cash call

    Posted Dec 23rd 2003, 12:00am by Denise Tsang

    ... Denise Tsang Shares of Wah Sang Gas Holdings fell sharply yesterday after the company scrapped a planned share placement as a result of a probe by the securities watchdog. The stock tumbled 24.52 per cent, or 26 cents, to 80 cents after resuming trading following its suspension last Tuesday. Wah Sang, which distributes piped gas around China, said yesterday the Securities ...




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