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Sinopec's (SNP) surprising failure to acquire gas distributor China Gas (CGHOF.PK) could have...

Sinopec's (SNP) surprising failure to acquire gas distributor China Gas (CGHOF.PK) could have been very embarrassing but for an arrangement that allowed it to walk away from the much smaller private company without losing face. But more than that, Heard on the Street’s Aaron Back thinks the saga could prove a positive step for the development of China's capital markets.
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