Business
Companies
PetroChina official denies China Gas bid
Updated: 2011-04-08 17:44
(Agencies)
HONG KONG - PetroChina Co Ltd, the world's second-biggest oil and gas producer by market value, is not considering a bid for natural gas distributor China Gas Holdings Ltd, Reuters reported Friday, citing a company official.
Hong Kong-listed shares of China Gas had jumped more than 8 percent on Friday after the earlier report.
The board of China Gas also issued a statement to the Hong Kong stock exchange that the company has not received any bid from PetroChina, the report said.
Specials
Share your China stories!
Foreign readers are invited to share your China stories.
Art auctions
China accounted for 33% of global fine art sales.
Waiting for drivers' seat
Lack of sponsorship appears to be why Chinese drivers have yet to race in a Formula 1 event