Beijing Enterprises Grp lifts stake in China Gas to 20.3 pct
HONG KONG, July 12 |
HONG KONG, July 12 (Reuters) - China's state-owned Beijing Enterprises Group Co Ltd (BJEG) has again raised its stake in bid target China Gas Holdings Ltd, taking its holding to 20.3 percent, a filing with the Hong Kong securities regulator showed on Thursday.
BJEG, parent of utility Beijing Enterprises Holdings Ltd , has been consistently building its stake in China Gas, which has rebuffed a $2.2 billion joint takeover offer from ENN Energy Holdings Ltd and China Petroleum & Chemical Corp (Sinopec) .
Last week, ENN and Sinopec extended their offer for China Gas by a month to Aug. 6 as they wait for regulatory approvals for the deal. (Reporting by Denny Thomas and Alison Lui; Editing by Chris Lewis)
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