China Gas Vertical and Horizontal Anti-acquisition Strong Annexation of River Gas

The twists and additionally turns, the Sinopec acquisition with the new Austrian Union (hereinafter sometimes referred to as "the acquisition of any Union") tender offer fights initiated by China Petrol (00384.HK) showing another sort of game trend.

July thirty-one, China Gas Company will exercise the video call Option, the acquisition of merely one hundred Jiang Gas Positioning Co., Ltd.(hereinafter sometimes referred to as "one hundred Jiang gas") the rest of the 51% interests, thus, 80 Jiang gas will be a wholly-owned subsidiary of China Gas the acquisition of the required cash of HK usd 270.3 million.

This is normally after June 28, China Gas announced the three nice thing about it, "With the return for company founder Liu Minghui, the Union of Oriental gas acquisition plan almost certainly come to naught – in the foreseeable future regardless of the North control whether the equity transferred to Liu Minghui, Sinopec won’t be able to meddle in China Gas, August 1, investment consumer banking sources said.

The equal day, China Gas made at HK $ 5.22 / share, the out the door cost higher than the Union for more than 20%, compared to the end of the lowest, boasts a 262% increase.

Strong revenue Panva

The Panva gas is mostly a registered overseas, liquefied petroleum gas (LPG) terminal retail price enterprises in Nanjing, Wuhan, Hangzhou as well cities with approximately 450 directly managed stores and 120 franchise outlets operating during the mainland market.

Form about agreement in June 2011, China and tiawan Gas acquired its 49% spot, and agreed subsequently China Gas may exercise the video call option to acquire the remainder 51% stake.

"Acquisition will assist to integrate China' s LPG market around LPG wholesale business in the center reaches of the Group' lenses economies of scale, inches China Gas said.

However, attributable to "hostile takeover" suddenly initiated from the gas internal personnel disputes and also acquisition of Union China and tiawan Gas, China Gas the Panva gas perfectly into a wholly owned subsidiary plans have this wear hold.

On June 28 the year of 2010, China Gas announced a healthy profile beautiful quarterly for your first quarter, net income rose 52.4 pct to HK $ 950 , 000, 000, revenue rose 19.have a look at percent to HK $ 18.933 billion and also earnings per share connected with HK $ 0.24.

Performance than the market generally expected following a results announcement, investment bank Piper Jaffray Asia immediately to gas target price raised to HK $ some.62.

July 30, China Gas announced the appointment for the founder, the Shenzhen law enforcement officials had previously been acquitted Liu Minghui non-executive movie director, "once they meet the regulatory and procedural requirements, Liu Minghui is required to be appointed as Management Director.This means that by simply Liu Minghui Shenzhen taken away by police triggered the particular company' s management office staff disputes have ended, Liu Minghui also did start to regain power.

With all the return of Liu Minghui, China and tiawan Gas M & A Panva Gas plans to restart immediately.

Acciona think Wang money energy analyst Huang introduced for the domestic gas pipeline layout has improved steadily, LPG has been phasing away from domestic gas market, and changed into chemical and other industrial energy market, and residents in those pipelines who are not accessible and useful in remote aspects of the demand for the cost of gas, LPG also occupy a market share.

Such heritage, the LPG market share must remain integrated, "the the Panva fuel high-rise further explained this, " Only the integration of your strong business to better grasp the industry dynamics, to the relevant government departments to apply for assorted quality standards and correlated administrative enforcement job."

China Gas and Panva Gas will greatly expand the voice of the China gas, but also can better achieve the integration within the gas source, in order to contest with oil central enterprises throughout areas where pipelines can not reach.

According to the announcement with the China Gas, acquired 51% risk last deadline is 12 , 31, 2012.The Panva gas the year of 2010, will become a completely owned subsidiary of Singapore Gas.

Add another variable

Strong revival for the Chinese gas, no doubt the original acquisition of Union wishful thinking found yourself in nothing.

In December 2011, all the acquisition of Alliance by way of China Gas personnel disputes, stock prices are low relating to the occasion, suddenly launched a irritated offer for China Gas – To have success, its purchase price more than the market price 20% over was the lowest more than doubled.

"If the new Austrian along with Chinese share of gas inside the domestic gas market integration will definitely create a new economy leader, but may be a lot more than the second, " At the beginning, Sinopec headquarters who told reporters."(Sinopec) Group for the participants, will no doubt share partners .this market integration, as well as through the integration for this market share will be created a different competitor in the gas, we are an connections.

But the acquisition of in the form of "hostile takeover" but the management of China Petrol, China Gas shareholders of South Korea' s SK Party, announced a high-priced acquisition for the Chinese gas equity, the fact that acquisitions of Union to generate more variables.

May 5 the year of 2010, followed by Beijing Enterprises Holdings (00392.HK) announced of the fact that Union, 17% of the cost of the price large holdings of China The cost of gas, so that it contains a 8.96 percent spot in China Gas.

The are up against of escalating acquisition limit, and July 6, the latest Austrian special meeting of stockholders, stressing that "the general meeting of shareholders as soon as proposed acquisition, the acquisition of the popular Austrian and Chinese petrochemical consortium of Chinese gas has started the program must be in agreement with the Securities Regulatory Commission the method is completed."

However, Liu Minghui now regain control within the gas in China and spent suggestions acquisition of one $ 100 Jiang gas that rocked the takeover battle for future years direction undoubtedly more tricky to predict.

"The acquisition of Alliance pay more care about the value of Tiongkok Gas' s natural gas distribution network, which is likewise the key reasons for the latter rejected the past acquired motion, Panva China and tiawan Gas, has a more significant market share, the acquirer is free of doubt know more negotiating the appropriate to speak."Huang talked about.