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  1. China Gas takes Korean partner

    Posted Jan 29th 2005, 12:00am by Denise Tsang

    ... Denise Tsang Mainland piped-gas supplier China Gas Holdings has sold as much as 10 per cent of its equity to Korea Gas Corp (Kogas), South Korea's sole importer of natural gas ... will be the latest of three new strategic shareholders China Gas has brought in over the past two months, after Singapore's Temasek Holdings and Sinopec Corp, the No2 oil company in the mainland. Last ...

  2. China Gas commits 215m yuan to Jiangsu joint venture

    Posted Nov 16th 2005, 12:00am by Andy Chen

    ... Andy Cheng Mainland piped-gas supplier China Gas Holdings will invest 215 million yuan in a joint venture in Yangzhou, Jiangsu province. The company said yesterday wholly owned subsidiary ... National Assets Holdings (Group) and Hantan Xin Xing Heavy Machinery. China Gas said in a statement to the stock exchange that Yangzhou had 70,000 households with piped gas connections while ...

  3. Hai Xia Finance boosts China Gas stake

    Posted Mar 11th 2005, 12:00am by Denise Tsang

    ... Denise Tsang Shares of China Gas Holdings jumped 1.31 per cent yesterday to $1.54 on news that a substantial shareholder tightened its grip on the fashion retailer-turned-piped gas supplier at a premium price. Hai Xia Finance, the investment company of the State Council's Taiwan Affairs Office, agreed to raise its stake in the firm to 15.35 per cent by buying an 8.58 per ...

  4. China Gas sells GAIL 10pc stake

    Posted Feb 22nd 2005, 12:00am by Denise Tsang

    ... Denise Tsang China Gas Holdings has finalised a share-sale deal with India's dominant gas company GAIL for $250 million, informed sources say. Following a memorandum of understanding ... to distribute natural gas in China. The Indian firm is the first of three investors indicating interest in acquiring a stake in China Gas to finalise a share deal. Talks with Temasek Holdings ...

  5. China Gas outbids rivals to win Nanjing project

    Posted Jan 21st 2005, 12:00am by Denise Tsang

    ... Denise Tsang China Gas Holdings, a fashion retailer turned gas service supplier, has beaten off opposition from 10 rivals for a 30-year franchise to supply piped-gas in Nanjing. Among those it outbid were blue-chip utility Hong Kong and China Gas (Towngas) and mainland piped-gas firm Xinao Gas Holdings to supply natural gas to the northern part of Nanjing, the thriving ...

  6. Temasek enters China gas market

    Posted Jan 26th 2005, 12:00am by Denise Tsang

    ... Denise Tsang Temasek Holdings of Singapore has reached an understanding to acquire up to 10 per cent of China Gas Holdings, extending its investment into the mainland's burgeoning gas market. The Singapore government's investment flagship and fashion retailer turned gas service supplier China Gas signed a memorandum of understanding on Monday, paving the way for a share ...

  7. China Gas share sale raises $252m

    Posted Nov 30th 2005, 12:00am by Denise Tsang

    ... Denise Tsang China Gas Holdings has tapped the equity market for fresh funding for the second time this month by selling new shares for $252 million, sources say. Trading in the shares ... to meet capital needs of US$100 million to fund new projects in the coming year. They added that China Gas had now sold 210 million new shares to a company based in Oman. The price of $1.20 ...

  8. Xiaoshan franchise boosts China Gas

    Posted Apr 02nd 2005, 12:00am by Denise Tsang

    ... Denise Tsang Shares in China Gas Holdings jumped 2 per cent, or three cents, to $1.46 yesterday on news that the company has won a franchise to supply natural gas in Xiaoshan, Zhejiang province. The 300 million yuan deal will allow the company to tap into the buoyant Hangzhou region of the Yangtze River Delta. China Gas will set up a company with a registered capital of 100 ...

  9. China Gas continues to tap markets for cash

    Posted Nov 01st 2005, 12:00am by Denise Tsang

    ... Denise Tsang The cash calls at China Gas Holdings show no signs of abating even though the mainland piped gas supplier has already boosted its reserves with US$70 million in two deals ... on its 3.57 per cent stake in China Gas as a result of the prospective share sales. 'We have no problem with dilution as long as they sell the shares for higher than we paid for them,' ...

  10. China Gas surges on news of GAIL stake

    Posted Feb 23rd 2005, 12:00am by Denise Tsang

    ... Denise Tsang Shares of China Gas Holdings jumped 4.63 per cent yesterday to a 31-month high on news that India's state-owned energy firm GAIL had taken a stake in the company. After ... share. China Gas managing director Liu Minghui said the share sale would pave the way for future co-operation between the company and GAIL on the distribution of natural gas for vehicle use ...




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