China Resources Power (CRP) and China Resources Gas (CRG), which have a combined market value of HK$170 billion, are in talks on a possible merger to form an energy major under state-owned China Resources (Holdings).
Trading of the two companies' shares was suspended yesterday pending an announcement on the proposed merger, they said in a statement filed with Hong Kong's stock exchange. No further details were provided.
A person close to the deal said the announcement was expected to be made in a few days.
via Business feed http://www.scmp.com/business/companies/article/1231833/cr-power-cr-gashold-talks-merger
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