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  1. China Gas dumps Hai Xia envoys from board

    Posted Apr 27th 2011, 12:00am

    ... Denise Tsang Infighting at China Gas Holdings reached new levels yesterday after shareholders dumped a former chairman and vice-chairman from the board in a marathon and sometimes ... chaebol with a 9.7 per cent interest in China Gas, Oman Oil with 5 per cent, Gail of India with 4.6 per cent and Asia Development Bank with 3.4 per cent, voted to remove Li and Xu. Hai Xia holds ...

  2. Public airing for China Gas' boardroom tiff

    Posted Apr 18th 2011, 12:00am

    ... Denise Tsang A boardroom tussle at China Gas Holdings has spilled into the open, with ousted directors stepping up their efforts to be reinstated. Li Xiaoyun and Xu Ying, who were sacked ... for a full-page notice defending the two men and criticising the board for poor corporate governance, a charge China Gas denies. The notice said: 'The [removal of Li and Xu] was primarily pushed ...

  3. Criticism rejected over China Gas sackings

    Posted Apr 28th 2011, 12:00am

    ... Denise Tsang A substantial shareholder of China Gas Holdings has rejected criticism of its role in dumping two directors. SK Group of South Korea, which effectively holds 9.7 per cent ... transparent and legal manner', responding to criticism by China Gas founding shareholder, Hai Xia Finance Holdings of China's State Council. Hai Xia said on Tuesday it 'deeply' ...

  4. Potential offer lifts China Gas

    Posted Nov 15th 2011, 12:00am

    ... Denise Tsang denise.tsang@scmp.com China Gas Holdings shares recorded their biggest jump in nearly three years yesterday following news that an undisclosed party has offered to buy 'a ... on November 9. China Gas said no negotiation on the offer had taken place yet. But brokers said the news had fuelled speculation of a possible change of hands for the company. 'The statement ...

  5. China Gas seeks mediator in board row

    Posted Apr 21st 2011, 12:00am

    ... Eric Ng China Gas Holdings, wracked by a board row, plans to appoint one of the Big Four international accountancy firms other than its auditor, Deloitte Touche Tomatsu, to investigate ... by founding shareholder Hai Xia Finance Holdings, whose representatives in China Gas- chairman Li Xiao Yun and vice-chairman Xu Ying- are being ousted, subject to shareholders' approval on April ...

  6. China Gas row heats up over 'bogus' premise

    Posted Apr 20th 2011, 12:00am

    ... Eric Ng A board row at China Gas Holdings escalated yesterday, with a major shareholder calling the reasoning behind plans to dismiss the chairman and vice-chairman as flawed while urging ... friendly to Liu, Hai Xia said. Liu is being investigated for allegedly embezzling corporate assets and was sacked by China Gas in January. Liu has a 13.4 per cent stake in China Gas, followed ...

  7. China Gas takes action after arrest of officials

    Posted Feb 01st 2011, 12:00am by Sophie Yu

    ... Sophie Yu China Gas Holdings yesterday terminated the services of managing director Liu Minghui and sought to remove executive president Huang Yong after their arrest by Shenzhen police ... and Huang, who were being held at a detention centre in Shenzhen. The Shenzhen Public Security Bureau has asked China Gas for documents related to the acquisition of Clever Decision, a holding ...

  8. China Gas managers held in Shenzhen embezzlement probe

    Posted Jan 05th 2011, 12:00am by Eric Ng

    ... Eric Ng China Gas Holdings says two of its top managers have been held by Shenzhen police for more than two weeks over suspected embezzlement at an undisclosed organisation. The Hong ... largest gas distributor GAIL, government-owned Oman Investment Fund and South Korea's diversified SK Holdings. In an announcement to Hong Kong Exchanges and Clearing, China Gas said managing ...

  9. China Gas price declines following news of fraud

    Posted Feb 02nd 2011, 12:00am by Eric Ng

    ... Eric Ng China Gas Holdings' share price dived by 18.3 per cent after it revealed on Monday night that two of its directors had been detained in Shenzhen since mid-December ... mentality. China Gas shares ended 14.7 per cent down, at HK$2.89, after seeing a low of HK$2.77. Trading resumed yesterday after it was halted on December 20. 'We expect the market to discount ...

  10. ZZ Gas soars on plan to go private

    Posted Oct 21st 2011, 12:00am

    ... for ZZ Gas domestic-share investors, the same as offered for those with H shares. China Resources Gas, the natural gas distribution arm of state-owned conglomerate China Resources (Holdings ... Denise Tsang denise.tsang@scmp.com Zhengzhou China Resources Gas (ZZ Gas) shares surged 46.73 per cent yesterday on news of a privatisation plan by its parent. The stock was traded HK$4.72 ...




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