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Investors at the AGM of Hong Kong and China Gas have voted by about 11 to 9 against the issue mandate - another bite for Project Vampire.

Vampire bites Towngas
8th May 2004

Investors made their views clear at the AGM of The Hong Kong and China Gas Co Ltd (HKCG, 0003) on Wednesday 5-May-04. The controlling shareholders and directors together own 2,174,121,870 shares (38.52%). We'll assume they voted in favour of giving themselves a mandate to issue new shares.

Deducting the insiders from the official poll results, the investing public voted as follows:

	Votes	Share
In favour	474,308,996	45.04%
Against	578,694,127	54.96%
Total	1,053,003,123	100.00%

Voting turnout was 30.35% of the publicly held shares. This win for Project Vampire follows April's win at the CLP meeting.

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Vampire bites Towngas 8th May 2004

Vampire bites Towngas
8th May 2004