Business
Companies
PetroChina official denies China Gas bid
Updated: 2011-04-08 17:44
(Agencies)
HONG KONG - PetroChina Co Ltd, the world's second-biggest oil and gas producer by market value, is not considering a bid for natural gas distributor China Gas Holdings Ltd, Reuters reported Friday, citing a company official.
Hong Kong-listed shares of China Gas had jumped more than 8 percent on Friday after the earlier report.
The board of China Gas also issued a statement to the Hong Kong stock exchange that the company has not received any bid from PetroChina, the report said.
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