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China Gas Holdings Amends Acquisition Agreement
HSBC Research lowered the target price of China Resources Gas (00384.HK) to 7 yuan, expecting a challenging mid-term performance.
HSBC Global Research released a report stating that China Gas Holding (00384.HK) may face challenges in the first half of the fiscal year due to new gas pipeline connections and wholesale demand for natural gas, thus lowering its core profit forecast for the first half of the year by 11% to 2.2 billion RMB. From April to August this year, China Gas Holding's retail natural gas sales only increased by 2 to 3%, lagging behind its peers, possibly due to the company's larger market share in the northeast region, where industrial activities are relatively weaker. HSBC Research believes that China Gas Holdings still has some bullish news, including financial cost reduction and the potential spin-off of its Asia Vets business. Therefore.
China Gas Hold (00384.HK) proposed to list Yipinghui on an exchange in the USA.
China Gas (00384.HK) announced that it is recommending the spin-off of Yiping Hui Life Holdings for listing on the stock exchange in the usa. Currently, the plan includes the sale of American depositary shares; and the distribution of American depositary shares to shareholders in kind. The Stock Exchange has confirmed that the company can proceed with the proposed spin-off listing. Yiping Hui Group is mainly engaged in the sale and provision of kitchen and home products and services, with the company holding a 71% stake. After the spin-off, it is expected that Yiping Hui will continue to be a subsidiary of the company.
China Gas Holdings Plans Spin-Off of YPH Inc.
Express News | China Gas Hold: YinPInghui has submitted a draft registration statement to the U.S. Securities and Exchange Commission for a potential offering.
China Gas Holdings (00384): Yipinhui has submitted a draft registration statement to the Securities and Exchange Commission of the United States for possible offering.
China Gas Holdings (00384) announced that several value-added service businesses are planned to be independently listed. The company has already complied with the listing rules...
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