Air Products and Chemicals Inc (APD.N)
* Follows purchase of Air Products unit (Adds confirmation from target company, background)
HONG KONG A majority of Yingde Gases Group's shareholders voted to keep two of its co-founders and main shareholders on its board and oust five other board members, ending a four-month battle for control of the $1.5 billion company.
HONG KONG Shares of Yingde Gases Group Co Ltd climbed 2.4 percent to a near two-year high on Thursday after shareholders voted for major board changes, ending a four-month battle for control of China's top industrial gases company.
* Co-founders Sun, Strutt to stay on Yingde board, Zhao voted out
HONG KONG, March 8 A majority of Yingde Gases Group's shareholders voted on Wednesday against a resolution to remove two of its co-founders and main shareholders from its board, the latest chapter in a battle for control that could result in changed leadership at the Chinese company.
HONG KONG, March 7 A rare Hong Kong boardroom battle escalated on Tuesday, with two of the founders and main shareholders of Yingde Gases Group filing a police complaint against the company's chairman, ahead of a shareholder meeting seeking to change its board of directors.
HONG KONG, March 6 Yingde Gases Group Co Ltd said on Monday Chief Executive He Yuanping has resigned and will remain a director of the company until the completion of a strategic review that may result in the sale of one of China's largest industrial gases firms.
HONG KONG, March 1 Hong Kong-based private equity firm PAG has struck a deal with the three co-founders of Yingde Gases to buy their stake in the firm for $616 million, the latest twist in a months-long battle for control one of China's largest industrial gases company.
HONG KONG (Reuters Breakingviews) - Air Products' bid for Yingde Gases deserves to fly. The U.S. giant has been stuck in a bizarre battle over the Hong Kong-listed company, which it wants to buy for up to $2.8 billion including debt. The target's board finally seems to be seeing sense. Bravo: the suitor is ready to pay a fair EBITDA multiple and a fat premium for shareholders.
* In response to certain rumours , Originwater has confirmed that it has no intention to pursue any strategic transaction with co