Sino Gas investors accept Lone Star bid

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 22 : 6-Sep-18

Sino Gas shareholders voted on 5 September to accept US private equity fund Lone Star’s $0.25 per share takeover bid for the company. The bid, which values Sino Gas at $530 million, was first tabled in May. Grant Thornton had deemed Lone Star’s offer "to be fair and reasonable", and it had the unanimous support of Sino Gas’s board. Sino Gas is the only Australian-based gas company with operations in China, having commenced production in the Shanxi province in late 2014.

CORPORATES
SINO GAS AND ENERGY HOLDINGS LIMITED – ASX SEH, LONE STAR FUNDS, GRANT THORNTON AUSTRALIA, TEMASEK HOLDINGS (PTE) LTD, OPHIR ENERGY PLC

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