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Beijing Enterprises Grp Lifts Stake in China Gas to 20.3 pct

Pubdate:2012-07-16 11:15 Source:lijing Click:

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.