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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. 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. China Gas aims to boost capital spending 50pc in expansion push

    Posted Mar 02nd 2007, 12:00am by Kandy Wong

    ... Kandy Wong and Bloomberg China Gas Holdings plans to boost capital spending by 50 per cent in the next fiscal year in a move to expand and lift sales. Capital expenditure would reach ... cent last year,' said managing director Liu Minghui yesterday at a company luncheon. China Gas is seeking to take advantage of increased gas demand in the world's second-biggest ...

  5. China Gas to streamline LPG supply for new unit

    Posted Apr 01st 2008, 12:00am by Denise Tsang

    ... Denise Tsang China Gas Holdings, which runs 73 gas projects in the country, will try to improve the profitability of a liquefied petroleum gas (LPG) distributor in which it bought a 53 per ... the Middle East that came via Singapore, China Gas managing director Liu Minghui said yesterday. The move will eliminate unnecessary supply chain expenses, which eat into the profit margin ...

  6. China Gas goes upstream with holding in producer

    Posted Jun 05th 2006, 12:00am by Denise Tsang

    ... Denise Tsang Mainland supply increasingly tight due to rapid demand and robust growth Piped-gas supplier China Gas Holdings has branched out to upstream exploration by paying 62.16 million ... stake previously held by cash-strapped A-share company Zarva Technology (Group) in an auction. China Gas, which switched to supplying gas supply from retailing apparel about three years ago, ...

  7. China Gas obtains US$75m loan

    Posted Feb 13th 2007, 12:00am by Denise Tsang

    ... Denise Tsang Mainland-based piped-gas supplier China Gas Holdings has pumped US$75 million into its war chest for acquisitions by obtaining a credit facility from the Asian Development ... points above the London interbank offered rate. China Gas managing director Liu Minghui yesterday said the fresh funds would be earmarked for gas projects, to fund the group's plan ...

  8. 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 ...

  9. 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 ...

  10. 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 ...




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