Sinopec (SNP +3.2%) and ENN Energy (XNGSF.PK) extend their $2.2B bid for China Gas by another...

|By:, SA News Editor

Sinopec (SNP +3.2%) and ENN Energy (XNGSF.PK) extend their $2.2B bid for China Gas by another month, as they seek regulatory approvals to proceed with Hong Kong's first unsolicited takeover attempt. But it may turn out that the government is waiting for a higher offer, and those pesky regulations might just fade away.