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  1. 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 ...

  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. Towngas seals $470m China supply deals

    Posted Sep 03rd 2003, 12:00am by Denise Tsang

    ... Hong Kong and China Gas (Towngas) has sealed two piped-gas supply agreements with Shandong worth 500 million yuan (HK$470 million) to capitalise on the mainland's energy deregulation. ... and military port, under 50-year franchises. Towngas will hold 60 per cent in the Jinan project and state-owned local partner Jinan Pipeline Gas Co the balance. The Weihai project will be equally owned ...

  4. Towngas in deal for Shenzhen Gas stake

    Posted Jul 30th 2003, 12:00am by Denise Tsang

    ... Hong Kong and China Gas (Towngas) has finally signed a much-awaited framework agreement to buy 30 per cent of a Shenzhen Gas joint venture for 271.5 million yuan (HK$254.53 million). ... Gas, 30 per cent by Towngas and 10 per cent by New Hope Holding. Shenzhen Gas will contribute assets such as a 50-year franchise in running piped-gas services in Shenzhen, its pipeline network ...

  5. Panva Gas issue yields $620.8m

    Posted Dec 05th 2003, 12:00am by Denise Tsang

    ... Denise Tsang Because of healthy demand, the firm raised the placement size by a third Mainland piped-gas distributor Panva Gas Holdings raised about HK$620.8 million in a share placement yesterday, taking advantage of recent strength in the stock market. Parent Sinolink Holdings sold 115.2 million shares, or 16.94 per cent of its stake, at HK$4 each to institutional investors ...

  6. 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 ...

  7. Xinao Gas expands distribution network

    Posted Sep 23rd 2003, 12:00am by Staff Reporter

    ... The company's growth strategy brings doubling of first-half revenue to $315.6m Xinao Gas Holdings has obtained exclusive rights for piped-gas distribution in four cities in Jiangsu ... would continue. 'We expect to reach 50 locations in China in 2005, with approximately 25 million customers mainly in eastern and southern China,' Mr Yang said. He said Xinao Gas ...

  8. 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 ...

  9. 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 ...

  10. Zhengzhou Gas plans A-share issue

    Posted Nov 08th 2003, 12:00am by Eric Ng

    ... distributor Panva Gas Holdings raised US$40 million in April through a convertible bond issue. The company yesterday reported a 76.64 per cent year-on-year rise in net profit to HK$132.64 million for the first nine months of this year. Turnover increased 36.86 per cent to $1.04 billion. Zhengzhou Gas, which is based in Henan province, recently signed a deal to buy gas from PetroChina through its ...




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