Sinopec buys Nigerian oil stake for US$2.5 billion


Total, France's largest oil company, has sold its 20 per cent stake in an offshore Nigerian field to China Petrochemical Corp (Sinopec) for about US$2.5 billion as part of an asset-disposal programme.

Tuesday, 20 November, 2012, 3:51am

No firm suitors for bank stake

China Resources Enterprise has not reached an agreement to dispose of its HKCB Bank Holding stake. On Tuesday, it confirmed a possible disposal of the stake, but on Friday, it said it so far had no binding offer.

24 Sep 2001 - 12:00am

Great Eagle targets CP stake

Great Eagle Holdings is in talks with liquidators of the Peregrine group to acquire Peregrine's 1.65 per cent stake in CP Group, which owns most of the space in Citibank Plaza. Great Eagle this week raised its stake in CP Group to 84.5 per cent.

1 Apr 1999 - 12:00am

Paul Y stake-sale talk shelved

Soundwill Holdings and Paul Y-ITC Construction have announced the termination of discussions between the two regarding the sale of a stake in Paul Y Properties to Soundwill.

25 Sep 1998 - 12:00am

Golik to buy controlling stakes

Golik Holdings has agreed to buy controlling stakes in two construction material companies for $65.2 million to strengthen its building material trading business. It will buy 80 per cent interest in Spacers & Bar Chairs Manufacturer Co for $16.8 million, or a price earnings multiple of 5.25.

11 Aug 1997 - 12:00am

Yim will put House in order

YOU can't beat proven form on the all-weather surface and you can't beat backing the best apprentices when it comes to the local rider affairs.

Put the two together and House Honour jumps off the page for the third event, the first leg of the Triple Trio, on the Sha Tin dirt tomorrow night.

28 Nov 1995 - 12:00am

Shougang lifts stake to 50.6pc

SHOUGANG Concord International Enterprises has raised its stake to 50.6 per cent in Eastern Century Holdings upon the close of its general offer to the latter yesterday.

Altogether, Shougang holds about 250.78 million shares of Eastern Century.

2 Dec 1993 - 12:00am

Shougang eyes Eastern Century

EASTERN Century Holdings is the latest possible back-door listing for Shougang Holding (Hong Kong).

This is despite Shougang already being the largest shareholder, with an effective 22.8 per cent stake.

4 Sep 1993 - 12:00am

Approach for stake dropped

AN unidentified third party's attempt to acquire a controlling stake in Golden Hill Land Development has been dropped, the company announced yesterday.

Golden Hill said that a preliminary inquiry had been made last Monday but that the discussions had not developed into formal negotiations.

10 Jun 1993 - 12:00am

Stake in site

TERMBRAY Industries International says it has taken a 55 per cent stake in Bow Yuen Industries to develop a 283,000 square metre plot of land in Cong Hua.

The total cost of the first phase of development and the acquisition of the land-use right will be about $146 million.

23 Feb 1993 - 12:00am