bullish
Sino Oil (702): Possible Jiangxi Jovo Offer
596 Views24 Feb 2023 12:09
Jiangxi Jove is interested in taking more than 50% of Sino Gas (via new shares), but less than 75%. Sino Gas is up >100% in the past month.
Boomeranged on Tue, 15 Aug 2023 12:22
Troubled coalbed methane play Sino Oil And Gas Holdings (702 HK) is suspended, again, pursuant to the Hong Kong Code on Takeovers and Mergers. This appears to be PRC outfit Top Resource Conservation & Environment Corp seeking to fully convert Sino Oil's debt CB and the cash CB, resulting in a stake in Sino Oil above 30%, thus necessitating a whitewash waiver so as to not have to undertake an MGO.
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