Sinopec, ENN Extend Deadline For $2.2B China Gas Bid

Law360, New York (September 7, 2012, 3:51 PM EDT) -- China Petroleum and Chemical Corp., known as Sinopec, and ENN Energy Holdings Ltd. have extended the deadline for their $2.2 billion bid for China Gas Holdings Ltd., according to a Thursday filing, marking the fifth such extension since March.

The companies are still waiting on certain governmental approvals required to meet preliminary conditions tied to the proposed buyout, according to the filing, made with the Hong Kong Stock Exchange. Previously, the companies faced a Thursday deadline but now have until a so-called long-stop deadline of Oct....
To view the full article, register now.