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  1. China Gas offers to buy Zhongyu Gas

    Posted Jan 27th 2010, 12:00am by Toh Han Shih

    ... Toh Han Shih China Gas Holdings plans to make a general offer for Zhongyu Gas Holdings at HK$0.1743 in cash and 0.1512 new China Gas share for each Zhongyu share. The main-board listed ... shares, would be HK$2.11 billion. If the offer is completed, China Gas, which currently has no stake in Zhongyu, can gain a maximum holding of 75 per cent in Zhongyu. ...

  2. China Gas set to take over rival Zhongyu

    Posted Jan 19th 2010, 12:00am by Eric Ng

    ... Eric Ng China Gas Holdings is set to make an offer to take over smaller rival Zhongyu Gas Holdings in the latest consolidation of the mainland's natural gas distribution market. ... paid HK$369 million for a 49 per cent stake in a portfolio of piped gas projects spanning 28 cities from Hong Kong-listed Chinese People Holdings. Rival China Resources Gas Holdings last month ...

  3. China Gas slashing its yuan debt

    Posted Oct 27th 2010, 12:00am by Denise Tsang

    ... Denise Tsang China Gas Holdings, one of the largest piped-gas suppliers on the mainland, will slash its exposure to yuan debts in anticipation of more interest rate rises. Managing ... lending and deposits by 25 basis points last week. China Gas yesterday reduced its HK$8.84 billion worth of yuan loans by about HK$3 billion, by netting HK$3.07 billion from a share placement. ...

  4. China Gas falls after net profit plunges

    Posted Dec 01st 2010, 12:00am by Toh Han Shih

    ... Toh Han Shih China Gas Holdings fell 10.6 per cent to HK$3.97 yesterday in Hong Kong trading after the mainland gas supplier reported a 78.5 per cent plunge in interim net profit. Its ... for China Gas' earnings per share for this fiscal year by 42 per cent to 11 HK cents and by 17 per cent to 20 HK cents for the next fiscal year. It rated China Gas a 'sell' ...

  5. Imports fuel pressure on gas price increases

    Posted Jun 02nd 2010, 12:00am by Eric Ng

    ... The commission said officials should 'tightly control' the degree of price increases and residential prices can only be raised after holding public hearings. Xinao Gas Holdings' share price tumbled 7.9 per cent to HK$19.02, while PetroChina's gas distribution arm Kunlun Energy fell 4.1 per cent to HK$10.28. Going up In the third increase in five years, the price of gas ...

  6. Gas fields discovery to bolster HK supplies

    Posted Nov 25th 2010, 12:00am by Eric Ng

    ... Eric Ng Dominant offshore oil and gas producer China National Offshore Oil Corporation (CNOOC) has discovered several small gas fields near the Yacheng 13-1 gas field that has been ... with Hong Kong power generator CLP Holdings to supplement gas from one of the small fields to the pipeline linking Hainan Island and Hong Kong. He could not provide the figure of the gas volume ...

  7. CR Gas takes 49pc stake in new venture

    Posted Jun 30th 2010, 12:00am by Eric Ng

    ... Eric Ng China Resources Gas Group has agreed to form a joint venture with Tianjin Gas. The piped gas distribution unit of state-backed conglomerate China Resources (Holdings) will take ... seven projects bought from its parent. CR Gas yesterday also said parent China Resources (Holdings) has entered into an agreement under which China National Petroleum Corp- parent of listed oil ...

  8. China Tian Lun to tap market for up to HK$409m in initial offering

    Posted Oct 27th 2010, 12:00am by Eric Ng

    ... Eric Ng Henan-based natural gas distributor China Tian Lun Gas Holdings plans to raise up to HK$409 million in an initial public offering for the expansion of its pipeline networks, build ... of 71.4 per cent. It had 136,645 users at the end of June. Transportation and sales of piped gas contributed up to 44 per cent of China Tian Lun's income for the first half but this business ...

  9. CR Gas to raise HK$5b in share placement to fund expansion

    Posted Sep 15th 2010, 12:00am by Eric Ng

    ... Eric Ng China Resources Gas Group (CR Gas), the natural gas distribution arm of state-backed conglomerate China Resources (Holdings), plans to issue up to HK$5 billion worth of shares ... to buy nine gas projects from its parent, China Resources (Holdings), for, in HK$: $2b ...

  10. Companies reporting this week

    Posted Mar 15th 2010, 12:00am by Staff Reporter

    ... International Holdings Final: Alibaba.com, China Resources Gas Group, Denway Motors, G-Prop (Holdings), Hong Kong and China Gas, Peak Sport Products, South China (China), South China Land, Tianjin Teda ... Today Interim: Champion Champion Technology Holdings, Kantone Holdings, New World Department Store China, Samling Global Final: Honbridge Holdings, Integrated Distribution Services Group, ...




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