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  • Dec 18, 2014
  • Updated: 8:22pm

China Gas

China Gas in talks to buy 2 billion yuan of projects from parent

The negotiations are said to involve about 20 city gas projects in various provinces. Photo: AFP

China Gas, the mainland's largest city gas distributor, is in talks to buy a 2 billion yuan (HK$2.54 billion) portfolio from its biggest shareholder, Beijing Enterprises Group, according to sources with the companies.

Friday, 29 November, 2013, 3:08am

Beijing's policy to cut coal use to benefit gas distributors: China Gas

Eric Leung

A mainland policy designed to cut coal use across the nation will benefit natural gas distributors as more cities take up the task of cleaning up the air, says the country's largest piped-gas distributor, China Gas.

22 Oct 2013 - 12:20pm

Largest shareholders increase their stakes in China Gas

Last year Sinopec launched a failed bid with ENN Energy, to buy out China Gas, whose share price has risen 36pc this year. Photo: Denise Tsang

The two largest shareholders in the natural gas distributor China Gas Holdings have quietly raised their stake in the company, a week after China Gas said it has been in advanced talks to sell a stake to China Petroleum & Chemical (Sinopec) and form joint ventures with it.

12 Mar 2013 - 5:31am

Liu's return sees China Gas soar

Liu Minghui

Liu Minghui has not disappointed the market since he was reinstated as managing director of China Gas in August.

But after soaring 35 per cent in the past month, the company's shares had become unattractive, analysts said.

19 Dec 2012 - 2:37am

Briefs, November 22, 2012

Baidu

Olam takes Muddy Waters to court

22 Nov 2012 - 4:13am

Sinopec's China Gas bid flames out

Fu Chengyu, Chairman, China Petroleum & Chemical Corporation, speaks at the Company's 2012 interim results announcement press conference at Grand Hyatt Hong Kong hotel, Wan Chai. Photo: Nora Tam

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) that it's

16 Oct 2012 - 11:35am

China Gas: new bid coming from Sinopec?

Two men work on a construction site near a Sinopec gas station in Beijing, China, Monday, March 26, 2012. AP Photo

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 (

7 Sep 2012 - 1:15pm

Cost balloons in ENN's bid for rival China Gas

 ENN's bid for rival China Gas

Mainland piped city-gas distributor ENN Energy, which has launched a US$2.2 billion joint bid with China 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 increasingly unlikely to succeed.

29 Aug 2012 - 4:11am

China Gas may be in play if bid fails

China Gas has been in the news for the arrests of its top managers for suspected embezzlement, for a board row over the dismissal of an ex-chairman and now as the subject of a hostile takeover bid.

But the company is likely to stay in the limelight even if this bid fails.

5 Jul 2012 - 12:00am

Firms square off over China Gas

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.

18 Jun 2012 - 12:00am

China Gas shares climb as rival lifts stake

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.

8 May 2012 - 12:00am

ENN pays Citi for funds for China Gas bid

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 over gas distributor China Gas Holdings, even though its success is uncertain amid opposition from China Gas managers and staff.

29 Mar 2012 - 12:00am

China Gas slams bidders over offer extension

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), has criticised the consortium for extending its offer, saying it was trying to buy time for further talks.

21 Mar 2012 - 12:00am

ENN 'can boost China Gas profit'

ENN Energy, which has joined hands with state-backed China Petroleum & Chemical (Sinopec) to launch a HK$16.7 billion unsolicited takeover bid for rival China Gas, says profit can be boosted by 30 per cent if its merger succeeds.

7 Mar 2012 - 12:00am

China Gas rejects bid by offeror to meet board

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 company's board.

14 Feb 2012 - 12:00am

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