The $2.15B bid for China Gas Holdings (CGHOF.PK) by Sinopec (SNP) and ENN Energy Holdings (XNGSF.PK) is dealt a blow when a major China Gas shareholder raised its stake at a higher share price. Sinopec and ENN are offering HK$3.50/share, a price China Gas has said fails to reflect the company's fundamental value.
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