Source:
https://scmp.com/business/china-business/article/1021237/controversy-bubbles-surface-china-gas
Business/ China Business

Controversy bubbles to the surface at China Gas

Confrontation at shareholders' meeting refocuses attention on a fight for control among top management at the privately controlled distributor

Rumbling continues at the top of China Gas Holdings, which has the largest number of exclusive city-gas distribution projects on the mainland. Photo: Denise Tsang

Controversy and drama seem to dog privately controlled city-gas distributor China Gas Holdings.

Just when an eight-month hostile takeover offer by rival ENN Energy and state-backed oil and gas major China Petroleum & Chemical (Sinopec) appeared to be faltering, and barely three weeks after former managing director Liu Minghui and former president Huang Yong were cleared of embezzlement allegations in Shenzhen, a shareholder created a furore at its annual shareholders' meeting last Thursday.