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MARKETS

US equity lobs $530M bid for SinoGas

US EQUITY firm Lone Start Capital has made a takeover bid for Sino Gas & Energy for 25 cents per share, valuing the company at close to $530 million – an offer the board unanimously recommended to shareholders this morning. 

Helen Clark
Sino's Linxing development

Sino's Linxing development

Sino calls it "an attractive premium over recent trading prices" in the absence of a superior offer given it offers a 19% premium over Wednesday's closing price and 32% over the volume weighted average...

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