Positive read across; M&A by chinese companies targeting foreign owned nat gas reserves in China... the below potential transaction has been talked about for a while - looks like things are happening. Who is next?
BRIEF-Liming Holding Makes Offer For 1.69 Bln Shares Of AAG Energy
Reuters14 May 2018
May 14 (Reuters) - Liming Holding:
* MAKES VOLUNTARY CONDITIONAL PARTIAL CASH OFFER TO QUALIFYING SHAREHOLDERS TO ACQUIRE A MAXIMUM OF 1.69 BILLION OFFER SHARES OF AAG ENERGY
* ASSUMING FULL ACCEPTANCE OF OFFERS, MAXIMUM AGGREGATE CASH CONSIDERATION PAYABLE BY OFFEROR WILL BE HK$3.05 BILLION
* OFFERS HK$1.75 IN CASH FOR EACH AAG ENERGY OFFER SHARE
SEH Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
