Tuesday, December 13, 2011

China Gas - general offer

China Gas (HK:384) is one of my five largest individual shareholdings and is now subject to a general offer for all the outstanding shares.  The offer is HK$3.50 per share in cash.  Absent a higher offer (which I consider unlikely), I intend to accept the offer.

That will leave me with the nice problem of having to find something to reinvest the money into.  Current thinking is to look for two or three Hong Kong listed blue or red chips.  If nothing else, the yield on whatever I reinvest in will almost certainly be higher than China Gas's very low 0.65% yield.

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