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  1. 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 ...

  2. 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 ...

  3. 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 ...

  4. Beijing Enterprises nears takeover of piped-gas firm

    Posted Apr 04th 2007, 12:00am by Carol Chan

    ... Carol Chan Red chip pins hope on Beijing Gas as profit slumps 40.6pc Beijing Enterprises Holdings, the Hong Kong-listed investment arm of the city government, has said it is close to finalising the long-awaited acquisition of Beijing Gas after reporting last year's profits plunged 40.6 per cent. The company did not give a timetable for the deal yesterday nor did it say how ...

  5. Stake increase puts paid to hostile bid

    Posted Jun 29th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com State-owned Beijing Enterprises Group has further raised its stake in takeover target China Gas Holdings and become its largest shareholder. The move dooms ... at HK$3.92 per share, according to calculations by the South China Morning Post. On Tuesday, an alliance between London-listed oil and gas supplier Fortune Oil and ousted China Gas managing director ...

  6. Mainland firms chasing oil and gas deals overseas worth US$12b

    Posted Jun 08th 2009, 12:00am by Staff Reporter

    ... Tim LeeMaster Mainland oil and gas companies are pursuing deals totalling as much as US$12 billion as the push to acquire resources continues apace despite the setback suffered last week by Aluminum Corp of China (Chinalco) in the mainland's largest resource deal to date. Leading the mainland bidders still in the market, two sources said, was China Petroleum & Chemical Corp, ...

  7. CNPC to buy 70pc of oil and gas firm in Indonesia

    Posted Jul 12th 2006, 12:00am by Eric Ng

    ... Oman, Peru and Thailand. CNPC (Hong Kong), a local investment arm of China's largest oil and gas producer, China National Petroleum Corp, will pay $5.03 million to San Francisco-based ... of the stake Continental Energy and GeoPetro Resources, will retain a combined 30 per cent holding. Continental-GeoPetro has the right to explore oil and gas in the Bengara-II area, where it has had ...

  8. Reporting this week

    Posted Mar 19th 2012, 12:00am

    ... Today, Final: Beijing Capital Land, China Outfitters Holdings, China Resources Power Holdings, China Taiping Insurance Holdings, Emperor Watch and Jewellery, Guangdong Investment, Haitian International Holdings, Huaneng Renewables Corporation, Shangri-La Asia, The Hong Kong and China Gas Tomorrow, Final: Allied Overseas, China Oil And Gas Group, China Telecom Corporation, First Pacific, ...

  9. Towngas China plans expansion

    Posted May 24th 2007, 12:00am by Denise Tsang

    ... Denise Tsang Towngas China, formerly Panva Gas Holdings, plans to add four gas projects to its 51-strong portfolio this year in a bid to gain a bigger slice of the country's booming energy market, according to its chairman. Alfred Chan Wing-kin said the gas supplier, in which Hong Kong and China Gas (Towngas) bought a 45 per cent stake in February, was in investment talks ...

  10. Guangdong eliminates gas connection fees

    Posted Dec 29th 2006, 12:00am by Eric Ng

    ... profit, according to Pierre Lau, the head of Citigroup's Asia Pacific utilities equities research. Low penetration rates of gas supply, with listed Xinao Gas Holdings' projects averaging 20 per cent and those of Hong Kong and China Gas (Towngas) averaging 30 per cent, mean connection fees are essential to help gas project developers recover huge infrastructure outlays. ...




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