Key Developments: China Gas Holdings Ltd (CGHOF.PK)
1.02USD
14 May 2013
$-0.01 (-0.97%)
$1.03
$1.02
$1.02
$1.02
12,000
9,579
$1.14
$0.46
Latest Key Developments (Source: Significant Developments)
China Gas Holdings Ltd Announces Interim Dividend
China Gas Holdings Ltd announced that the directors have resolved the payment of HKD0.022 per share as interim dividend (six months ended September 30, 2011: Nil). The interim dividend will be paid on or about January 31, 2013 to shareholders whose names appear on the Register of Members of the Company on the date of January 23, 2013. Full Article
China Gas Holdings Ltd Issues H1 2013 Net Income Guidance
China Gas Holdings Ltd announced that it is expected to record a significant increase in the net profit of the Company for the first half of 2013 as compared with the net profit of the Company recorded in the first half of 2012 mainly due to better than expected operating performance of the Company during such period. The Company net income of HKD373.61 million in the first half of 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report net income of HKD537.00 million for the first half of 2013. Full Article
ENN Energy Holdings Ltd, ENN Drop $2.2 Billion Offer For China Gas Holdings Ltd-Reuters
Reuters reported that China Petroleum & Chemical Corporation dropped its $2.2 billion offer with ENN Energy Holdings Ltd for China Gas Holdings Ltd. due to regulatory hurdles, a defeat for acquisitive Chairman Fu Chengyu in what would have been the first unsolicited takeover in Hong Kong. Instead, Sinopec entered into a strategic agreement with China Gas Holdings Ltd to jointly develop natural gas and liquefied petroleum gas (LPG) in China. The cooperation agreement seems like a face-saving move for Asia's refiner. Unsolicited deals are rare in China, and one from a state-run enterprise is even more difficult to engineer. Full Article
China Petroleum & Chemical Corp, ENN Energy Holdings Ltd Extend $2.2 Billion Offer For China Gas Holdings Ltd. Again-Reuters
Reuters reported that China Petroleum & Chemical Corp (Sinopec) and ENN Energy Holdings Ltd have extended their $2.2 billion offer for China Gas Holdings Ltd. for the fifth time as they seek regulatory approvals to move ahead with Hong Kong's first unsolicited takeover bid. Sinopec and ENN will extend the offer until October 5. Full Article
China Gas Holdings Ltd Announces Exercise Share Options
China Gas Holdings Ltd announced that reference is made to the unsolicited pre conditional voluntary cash offer by ENN Energy Holdings Limited and China Petroleum & Chemical Corporation (the Offer). Save as expressly defined to the contrary, terms defined in the announcement released by the Company in relation to the Offer dated December 12, 2011 have the same meanings in this announcement. The board of Directors announces that, on August 17, 2012, the Company issued a total of 6,510,000 shares to certain holders of share options pursuant to the exercise of share options under the Company’s share option scheme, of which 5,000,000 shares were issued for an exercise price of HKD0.80 per share, 1,200,000 shares were issued for an exercise price of HKD1.50 per share and 310,000 shares were issued for an exercise price of HKD2.10 per share. Full Article
China Petroleum & Chemical Corp, ENN Energy Holdings Limited Extend Deadline For Talks On Joint Bid For China Gas Holdings Ltd. To September 6-DJ
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. Full Article
Fortune Oil PLC, Liu Ming Hui Raise Stake In China Gas Holdings Ltd. To 17.71%-DJ
Dow Jones reported that Fortune Oil PLC and its associate Liu Ming Hui increased their stake in China Gas Holdings Ltd. to 17.71%. Fortune Oil, which is controlled by businessman Daniel Chiu, and China Gas founder Mr. Liu bought more than 1.92 million shares of China Gas on Friday at between HK$3.84 and HK$3.86 each. Full Article
China Gas Holdings Ltd. Does Not Recommend Interim Dividend
China Gas Holdings Ltd. announced that the Directors do not recommend the payment of a interim dividend for the six months ended September 30, 2011 (six months ended September 30, 2010: Nil). Full Article
China Gas Holdings Ltd. Issues H1 2012 Profit Guidance Above Analysts' Estimates
China Gas Holdings Ltd. announced that it is expected to record a significant increase in profit for the first half of 2012 as compared to the profit recorded in the first half of 2011 mainly due to (i) improved business operations of both the natural gas and LPG businesses and (ii) much reduced non-operating expenses incurred during the review period. The Company reported net income of HKD332.00 million for the first half of 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report net income of HKD333.00 million for the first half of 2012. Full Article
China Gas Holdings Ltd. Resolves To Recommend Final Dividend
China Gas Holdings Ltd. announced that its Board resolved to recommend the payment of a final dividend of HKD0.022 (2010: HKD0.017) per ordinary share. The final dividend will be paid on or about September 30, 2011, to shareholders whose names appear on the Registrar of Members of the Company on the date of the forthcoming annual general meeting. The Register of Members of the Company will be closed from August 22, 2011 to August 23, 2011 , both days inclusive, during which period no transfer of shares will be registered. In order to qualify for the proposed final dividend, all transfer documents accompanied by the relevant share certificates must be lodged with the Company’s branch share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited at Rooms 1712-16, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Hong Kong for registration not later than 4:30 p.m. on August 19, 2011 . Full Article
UPDATE 1-Fortune Oil to sell natural gas business to China Gas
Dec 17 - Fortune Oil Plc said it would sell its natural gas business to China Gas Holdings Ltd for $400 million, giving it the option to raise its stake in China Gas and remain invested in the high-demand energy sector in the world's second largest economy.
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