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  1. HK gas suppliers land China deals

    Posted May 19th 2004, 12:00am by Denise Tsang

    ... and downstream gas supplies in Anhui province through three projects involving a total investment of 455 million yuan. Smaller players Panva Gas Holdings and China Gas Holdings are targeting downstream ... piped-gas services in Benxi as well as enable Benxi Public Utility's existing pipeline networks to carry natural gas. Meanwhile, China Gas Holdings said it would invest 30 million yuan in a 60 ...

  2. Heng Fung to sell 16pc of China Gas

    Posted Jan 21st 2004, 12:00am by Toh Han Shih

    ... Toh Han Shih Heng Fung Holdings has agreed to sell 16.77 per cent of China Gas Holdings to the piped-gas supplier's managing director Liu Ming-hui for $180 million. Hong Kong-listed Heng Fung- along with wholly owned subsidiaries Sure World Capital, Rasa Sayang and Heng Fung Capital- would sell 250 million China Gas shares at an average price of 72 cents per share, Heng ...

  3. China Resources makes deeper push into piped-gas market

    Posted Jun 02nd 2004, 12:00am by Denise Tsang

    ... across the country, seeking a slice of the rapidly growing and lucrative but competitive sector. Blue-chip utility Hong Kong and China Gas and smaller players such as Xinao Gas Holdings, Panva ... Denise Tsang The purchase of a 20pc stake in Zhengzhou Gas, worth about $207m, takes the red chip further away from its core business China Resources Enterprise will buy a 20 per cent ...

  4. Panva seals gas pacts to expand into north China

    Posted Nov 12th 2004, 12:00am by Denise Tsang

    ... Denise Tsang Panva Gas Holdings has signed two agreements that will see it investing in the provinces of Liaoning and Heilongjiang. A spokeswoman for the mainland gas supplier said ... in Anshan, Liaoning. The deals will help the company expand deeper into northern China from its markets in Jilin and Harbin. 'The Qiqihar gas market is large, with a high population density ...

  5. China Gas shares tumble 8.9pc on discount offered to oil giant

    Posted Nov 03rd 2004, 12:00am by Denise Tsang, Eric Ng

    ... Denise Tsang and Eric Ng Shares of gas supplier China Gas Holdings slipped 8.91 per cent yesterday on news that it planned to sell new shares to Sinopec Corp, the mainland's No2 oil ... million China Gas shares at 61 HK cents apiece for $128.1 million. The stake is equal to 10.61 per cent of China Gas' expanded issued share capital. China Gas said this was the first time ...

  6. Gazprom surprise link lifts China Gas outlook

    Posted May 12th 2004, 12:00am by Denise Tsang

    ... Denise Tsang Fashion retailer-turned gas supplier China Gas Holdings says it has reached an understanding with Gazprom, the world's largest gas producer, which could see the Russian ... on the introduction of Gazprom as a strategic investor, the formation of a natural-gas joint venture in China and the provision of technical training and equipment. The potential alliance surprised many ...

  7. British giant BP divests holding in PetroChina at discount

    Posted Jan 13th 2004, 12:00am by Eric Ng

    ... Eric Ng and Nichole Chan PetroChina's only strategic shareholder, oil giant BP, will sell its entire 2 per cent stake in the mainland's largest oil and gas producer at a sharp ... to comment on the response. Profit taking and speculation that strategic shareholders would dispose of PetroChina shares have caused the counter to slide since reaching a high of HK$4.85 on January ...

  8. Gas firm on way to privatisation

    Posted Jan 09th 2004, 12:00am by Denise Tsang

    ... Group, a senior official says. Tianjin Gas president Sun Boquan yesterday said the group- which holds 9.07 per cent of Tianlian- planned a reorganisation into a shareholding company and had considered introducing foreign gas companies such as blue chip Hong Kong and China Gas as a strategic investor. Tianjin Gas, owned by the Tianjin municipal government, is the sole wholesaler of gas ...

  9. Political scion to lead gas producer's makeover

    Posted Oct 04th 2004, 12:00am by Enoch Yiu

    ... has not visited China but the fast-growing mainland economy enticed him into accepting an invitation last week to become an executive director at China City Natural Gas Holdings. Mr Sato does not hold any shares of the company and he will receive only US$12,000 a year from the firm while he attempts to exploit his Japanese connections and turn the company from the natural gas business ...

  10. Panva Gas marks push into region with purchase in Jilin

    Posted Aug 31st 2004, 12:00am by Denise Tsang

    ... Denise Tsang Panva Gas Holdings has sealed its biggest acquisition, paying 395 million yuan for a 50 per cent interest in a Jilin gas project. The project will serve as a stepping stone into northeast China for the piped-gas supplier and expand its scattered portfolio in Sichuan, Guangdong, Jiangsu, Shandong and Anhui provinces. It would figure in Panva's profit and loss account ...




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