China Natural Gas Director Fires Back At Bid To Ax Ch. 11

Law360, New York (June 06, 2013, 6:43 PM ET) -- The China Natural Gas Inc. board member and his hedge fund that pushed the company into involuntary bankruptcy proceedings fired back Thursday at allegations that he took those measures in an effort to gain control of the company, saying the assertions are “farcical.”

Xiang Dong (Donald) Yang, who owns Abax Lotus Ltd. and Abax Nai Xin A Ltd., the creditors that sent the natural gas pipeline operator into Chapter 11, urged a bankruptcy judge to deny CHNG’s motion to dismiss the case, saying the company has...
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