With regulatory hurdles too high, state-owned Sinopec (SNP) and ENN Energy (XNGSF.PK) drop their...
With regulatory hurdles too high, state-owned Sinopec (SNP) and ENN Energy (XNGSF.PK) drop their $2.2B hostile bid for home-country natgas operator China Gas (CGHOF.PK). All's not lost, though, as China Gas goes for a strategic co-op agreement letting Sinopec sell gas directly to Chinese homes, and allowing for future share buys. (previously)
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