PetroChina (601857, 1857.HK) and Royal Dutch Shell have submitted a joint bid to acquire Australia's Arrow Energy for a total of A$3.26 billion, equivalent to about 20.2 billion yuan, reports in-en.com, citing an announcement by Arrow Energy. The board of Arrow Energy was reported to have advised shareholders to accept the offer. According to the acquisition plan, Arrow’s shareholders will receive A$4.45 per share plus each share of Arr ... more»

China Huaneng Group is currently planning to list its wind power assets, reports China Business News, citing the group’s general manager, Cao Peixi. Media reports in February had mentioned that the group was planning to raise between $1 billion to $1.5 billion through the listing of its wind power assets in either the Hong Kong or Shanghai bourse. The group’s listed subsidiary, Huaneng Power International (600011), had raised 8.6 billio ... more»