Beijing Enterprises to buy unit
Print Edition
Beijing Enterprises Holdings Ltd said it will pay HK$8.22 billion (US$1.1 billion) to its parent for a 22.01 percent stake in city gas distributor, China Gas Holdings Ltd.
As part of the deal, Beijing Enterprises Holdings, a conglomerate with businesses from brewery to sewage and water treatment, will pay HK$2 billion in cash and issue 113 million new shares at HK$55 apiece to its parent, according to a filing to the Hong Kong stock exchange yesterday.
Beijing Enterprises Holdings will become the biggest shareholder of China Gas upon completion of the transaction.
The parent company, Beijing Enterprises Group, last year increased its stake in China Gas after ENN Energy Holdings, another city gas distributor, and Sinopec Corp, China’s second-largest oil company, made a hostile offer for China Gas but their bid failed.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
