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  1. China Gas won't discuss takeover

    Posted Apr 21st 2012, 12:00am

    ... Denise Tsang denise.tsang@scmp.com ENN Energy and Sinopec have failed in attempts to get China Gas Holdings directors to the table to discuss their unsolicited US$2.2 billion takeover offer. China Gas, a bigger rival of ENN, rejected the latest approach yesterday after turning down the consortium's repeated requests for 'a face-to-face meeting' over the past ...

  2. Doubts arise over hostile takeover bid on China Gas

    Posted Mar 01st 2012, 12:00am

    ... Denise Tsang denise.tsang@scmp.com A consortium's unsolicited takeover bid for piped-gas supplier China Gas Holdings looks even more uncertain now as the firm's proportion ... Group, via SK E&S and SK Gas, holds 15.32 per cent of China Gas. Meanwhile, Hong Kong-based Fortune Oil has amassed a 13.77 per cent interest in China Gas since teaming up with ousted China ...

  3. 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 ...

  4. 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 ...

  5. Battle over China Gas takes new turn

    Posted Aug 03rd 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com The reinstatement by China Gas Holdings of former managing director Liu Minghui as a non-executive director, and his likely reappointment as an executive ... the person said. Liu played a founding role in establishing China Gas, when he teamed with Hai Xia Finance Holdings, an arm of the mainland's Taiwan Affairs Office, in 2002 to set up ...

  6. China Gas shares climb as rival lifts stake

    Posted May 08th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com Shares of piped gas distributor China Gas rose 4.1 per cent after state-owned rival Beijing Enterprises Group raised its stake at a substantial premium to the unsolicited takeover offer of the ENN Energy Holdings-China Petroleum & Chemical (Sinopec) consortium. Beijing Enterprises Group's surprise move will raise pressure on the consortium to raise ...

  7. ENN pays Citi for funds for China Gas bid

    Posted Mar 29th 2012, 12:00am

    ... over gas distributor China Gas Holdings, even though its success is uncertain amid opposition from China Gas managers and staff. ENN's chief financial officer, Wilson Cheng Chak-ngok, said ... a commitment fee of 10 million yuan every three months after the loan is arranged. Cheng said ENN was still trying to persuade China Gas's management to have a direct conversation or meeting ...

  8. China Gas rejects bid by offeror to meet board

    Posted Feb 14th 2012, 12:00am

    ... cent of China Gas, holds 45 per cent of the consortium, and ENN the remainder. A spokesman for the consortium said yesterday the proposed offer was 'fair and reasonable' ... Denise Tsang denise.tsang@scmp.com The unsolicited US$2.2 billion takeover bid for piped-gas supplier China Gas is heating up after the offeror sought but failed to meet the gas ...

  9. Firms square off over China Gas

    Posted Jun 18th 2012, 12:00am

    ... Denise Tsang denise.tsang@scmp.com The battle for the control of China Gas, one of the mainland's largest piped-gas suppliers, with 151 projects, is heating up as a key July 6 deadline looms. Since a consortium comprising ENN Energy, a smaller rival of China Gas, and Sinopec, China's No 2 oil firm, revealed an unsolicited US$2.2 billion bid for the company ...

  10. ENN 'can boost China Gas profit'

    Posted Mar 07th 2012, 12:00am

    ... 'opportunistic' and failing to reflect its long-term value. Sinopec, which owns 4.79 per cent of China Gas, holds 45 per cent of the consortium and ENN has the rest. Wang said Beijing was not yet involved ... for rival China Gas, says profit can be boosted by 30 per cent if its merger succeeds. Wang Yusuo, the chairman of the piped-gas distributor ENN, said this would be possible through improving ...




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