Whinger or investor rights campaigner? Views of China Gas depend on whether you are ENN Energy and Sinopec, its hostile suitors, or those it claims are affected by an “unreasonable” deal timetable (three months, no absolute offer, and counting). China’s first hostile bid by a state-owned enterprise for a domestic company has quickly adopted international dealmakers’ familiar PR gambits. But its Chinese element adds a new, untested dimension.
中國燃氣是在發牢騷還是在保衛股東權益?對中國燃氣(China Gas)的看法,取決於你是其敵意收購者新奧能源(ENN Energy)和中石化(Sinopec),還是那些它聲稱受到「不合理」交易時間表(已歷時3個月卻未收到明確收購通函,且仍在一天天拖延)影響的其他方面。中國國有企業向一家本國公司發起的首次敵意收購,已迅速採用國際交易撮合者熟知的公關策略。但其中的中國元素增添了一個未經測驗的新層面。