you're reading...
China Daily Mail

China News

Beijing Enterprises Group (BJEG) again increased its stake in China Gas Holdings Ltd, a takeover target of Sinopec), raising the prospect of a bidding war between the two state-controlled companies.

BJEG, the state parent of utility Beijing Enterprises Holding, snapped up HK$663 million ($85.4 million) of shares in China Gas on Monday, raising its holding to 12.65 percent, according to the Securities and Futures Commission of Hong Kong. That followed its purchase of a 5.4 percent stake from Oman Oil last week that took its share to nearly 9 percent.

BJEG, engaged in gas distribution, water, infrastructure, toll road operation and beer production, has not made public its motive behind the acquisitions. Jimmy Tam, executive director of Beijing Enterprises Holding, on Friday described the stake purchase from Oman Oil as “a valued investment.”

China Gas late last year received an unsolicited $2.2 billion takeover offer from Sinopec and…

View original post 436 more words

About Craig Hill

General Manager at Craig Hill Training Services * Get an Australian diploma by studying in your own country * Get an Australian diploma using your overseas study and work experience * Diplomas can be used for work or study in Australia and other countries. * For more information go to www.craighill.net


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


Join 1,683 other followers

An archive of all my old posts

Follow me on Twitter

  • RT @AustDems: "Many things have been said about the alleged incident that occurred in the office of...Linda Reynolds...but Home Affairs Min… 7 hours ago
  • RT @AustDems: "Office for Women demeaned by Morrison government It is given no say, has meagre funding and few staff. Just another example… 7 hours ago
  • RT @AustDems: "According to the vast majority of Australia’s newspapers and commercial broadcasters, the federal government and its loyal o… 7 hours ago
  • RT @AustDems: "JobSeeker is being kept at “unnecessarily cruel” levels under the false pretence of encouraging more unemployed Australians… 13 hours ago
  • RT @AustDems: "What Morrison was really saying is that the previous base rate of $282.50 a week was completely unfit for purpose – and it w… 13 hours ago

I also have a news site about China:

%d bloggers like this: