The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
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China Gas Holdings needs a painkiller for its headaches from shareholders and potential buyers.
A shareholder screamed and threw a glass in anger at the company's acquisition of a liquefied petroleum gas business at its annual meeting yesterday.
"It should buy natural gas rather than LPG," he said.
Shareholder Wong, in a T-shirt printed with "Japan, get out!" reported to the police after he was stopped from running toward managers.
The company also complained that extensions of a takeover bid by oil giant Sinopec Corp and gas distributor ENN Energy Holdings have boosted expenses.
Sinopec and ENN have postponed the offer deadline to September 6 - the third so far of the unsolicited bid. In December, they proposed to buy China Gas for a combined HK$16.7 billion, or HK$3.50 per share.
Along with the rapid development of China's energy industry, China Oil & Gas Pipeline network is experiencing unprecedented great structure, large-scale construction and giant leap. Read More >
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