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China Petroleum & Chemical Corp, ENN Energy Holdings Limited Extend Deadline For Talks On Joint Bid For China Gas Holdings Ltd. To September 6-DJ


Wednesday, 8 Aug 2012 06:19am EDT 

Dow Jones reported that China Petroleum & Chemical Corp (Sinopec) and ENN Energy Holdings Limited have extended the deadline for the completion of negotiations on their USD2.15 billion planned acquisition of China Gas Holdings Ltd. The two companies said they have postponed the deadline, which was due to lapse by another month to September 6. Even though the deadline has been extended, the proposed acquisition of China Gas is likely to fail following the return of China Gas's co-founder Liu Minghui and the change in its shareholding structure in the past eight months. 

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