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Chinese firm makes A$463m bid for Australian gas producer AWE

Published Fri, Dec 8, 2017 · 09:50 PM

Bengaluru

STATE-OWNED China Energy Reserve and Chemicals Group launched a A$463 million (S$471 million) bid for Australia's AWE Ltd on Friday, going direct to shareholders after the gas and oil producer rebuffed a slightly lower friendly approach.

AWE said it would evaluate the offer of A$0.73 a share, pitched at an about 11 per cent premium to AWE's close on Thursday and 34 per cent above AWE's close before the first bid was disclosed. It told shareholders to take no action.

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Companies & Markets

Companies & Markets

Chinese firm makes A$463m bid for Australian gas producer AWE

Companies & Markets

Singapore stocks open stronger on Thursday; STI up 0.5%

DBS Q1 profit up 15% to S$2.95 billion; interim dividend at S$0.54 per share

Gold prices drift higher as Fed stands pat on key interest rate

US to probe GoPro claims Chinese firm violated its patents

Asia’s retail investors hunt for fabled crypto riches

Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share

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