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  • October 21, 2014
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Results 1 - 10 of 15 for sinopec

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  1. Comment - Blogs

    Sinopec's China Gas bid flames out

    Posted Oct 16th 2012, 11:08am by Doug Young

    ... Doug Young Sinopec's scrapping of its hostile bid for China Gas means big state-run Chinese firms are unlikely to make more similar unfriendly M&A attempts in the near term. One of the more entertaining and strange cases of hostile M&A by a big state-run firm has quietly flamed out, with the announcement by oil major Sinopec (0386.HK; Shanghai: 600028; NYSE: SNP) ...

  2. Comment - Blogs

    China Gas: new bid coming from Sinopec?

    Posted Sep 07th 2012, 11:22am by Doug Young

    ... Doug Young Sinopec will make a new offer for China Gas if the regulator approves the deal, with a new bid likely to be priced 5-10 per cent above China Gas' latest trading price. I've been watching with fascination for much of the last year as oil refining major Sinopec (0386.HK) makes a bizarre bid for China Gas (0384.HK), a natural gas pipeline operator that has made ...

  3. Business - Companies - ENERGY

    Largest shareholders increase their stakes in China Gas

    Posted Mar 12th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com As China Gas talks to Sinopec about a stake sale, the two biggest holders of the city-gas distributor buy up more of the company Big shareholders liftstakes ... to sell a stake to China Petroleum & Chemical (Sinopec) and form joint ventures with it. The motive for the pair, China Gas's managing director, Liu Minghui, and Beijing Enterprises ...

  4. China Gas slams bidders over offer extension

    Posted Mar 21st 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com China Gas, which is resisting an unsolicited HK$16.7 billion takeover bid from rival ENN Energy and oil and gas major China Petroleum & Chemical (Sinopec ... on our company, business and shareholders,' China Gas president Eric Leung Wing-cheong said. 'This new timetable allows ENN and Sinopec five months to formalise an offer, and yet ...

  5. Business - Commodities - STOCKS

    Liu's return sees China Gas soar

    Posted Dec 19th 2012, 12:00am by Eric Ng

    ... with former hostile takeover bidder China Petroleum & Chemical (Sinopec) on potential joint ventures in liquefied petroleum gas (LPG) retailing and vehicle and vessel liquefied natural gas ... of a lack of evidence. The deal with Sinopec came on the same day as the takeover bid by Sinopec and ENN Energy, a rival of China Gas, lapsed. Some analysts believe an LPG joint venture is unlikely, ...

  6. Business - China Business - ENERGY

    Cost balloons in ENN's bid for rival China Gas

    Posted Aug 29th 2012, 12:00am by Eric Ng

    ... Petroleum & Chemical (Sinopec) for all of rival China Gas Holdings, has incurred 96 million yuan (HK$117.4 million) of interest and loan arrangement expenses on the conditional bid, which looks ... yuan spent during the nine-month process was worth the price, given that the ENN-Sinopec consortium had not raised its offer and has yet to receive the green light from Beijing anti-trust ...

  7. ENN pays Citi for funds for China Gas bid

    Posted Mar 29th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com ENN Energy has already paid financial adviser Citi 57 million yuan (HK$70 million) to arrange financing for its joint US$2.2 billion bid with Sinopec to take ... and the state-backed oil and gas producer Sinopec 45 per cent has offered to pay HK$3.50 for each China Gas share, subject to various conditions, including a non-objection from Beijing on anti-competition ...

  8. China Gas rejects bid by offeror to meet board

    Posted Feb 14th 2012, 12:00am

    ... company's board. China Gas joint managing director Eric Leung Wing-cheong said yesterday the offeror, a consortium of Sinopec- the mainland's second-largest oil firm- and smaller rival ENN ... not advisers. In one of the biggest and most unusual unsolicited takeover offers involving a mainland state company, the Sinopec-ENN consortium on December 12 made a preconditional cash offer of HK$3.50 ...

  9. Multiple suitors heat up the battle for China Gas

    Posted Jan 16th 2012, 12:00am

    ... second-largest oil firm, Sinopec, and China Gas' smaller rival, ENN Energy, launched an unsolicited US$2.2 billion offer to take over China Gas on December 12. China Gas, which has a market ... by the police in Shenzhen on alleged embezzlement of the group's assets, and a subsequent board reshuffle in February last year. The Sinopec-ENN consortium is bidding to create China's largest ...

  10. China Gas may be in play if bid fails

    Posted Jul 05th 2012, 12:00am

    ... on its proposed US$2.2 billion joint bid with state-backed China Petroleum & Chemical (Sinopec) at HK$3.50 per share. That is a 25 per cent premium to China Gas' last traded price before the bid. To succeed, the ENN-Sinopec consortium needs the approval of at least 50 per cent of ENN shareholders and a statement of no objection from regulators in Beijing overseeing anti-monopoly ...




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