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Is it time to buy Baidu shares? The company signed a strategic deal with China Gas

Is it time to buy Baidu shares? The company signed a strategic deal with China Gas
invezz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from invezz.com Daily Mail and Mail on Sunday newspapers.

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China Gas investigating cause of pipeline explosion in central China


Reuters
2 minute read
June 16 (Reuters) - Gas pipeline infrastructure facilities operator China Gas Holdings Ltd (0384.HK) said on Wednesday it was investigating the cause of a gas pipeline explosion in central China over the weekend, and results were so far uncertain.
The blast, which occurred on Sunday in the city of Shiyan, in Hubei province, reportedly killed 25 people and injured more than 100, according to reports by state broadcaster CCTV as of Monday. read more
Shiyan Dongfeng Zhongran City Gas Development Co Ltd, a non-wholly-owned unit of China Gas, is one of the gas suppliers for the area.
In its statement, China Gas said it had established an emergency response group to work with government departments on emergency measures and to investigate the cause of the incident. ....

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China Gas plans $1.5b share sale for new gas projects, business development


China Gas plans $1.5b share sale for new gas projects, business development
FILE PHOTO: Gas storage facilities owned by China Gas Holdings are seen at a refueling station for ships in Chongqing, China December 12, 2017. REUTERS/Chen Aizhu
April 22, 2021
China Gas Holdings Ltd plans the sale of HK$11.66 billion ($1.50 billion) worth of new shares to major shareholders, to raise capital for gas projects and expansion.
It plans to acquire city gas projects in China, and expand and develop liquefied petroleum gas and distribution heating businesses.
The gas services provider has agreed to sell 392 million new shares, or 6.99% of the enlarged share capital, to shareholders Beijing Enterprises Holdings Ltd and China Gas Group Ltd, it said in a filing to the Hong Kong bourse on Thursday. ....

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