[ET Net News Agency, 3 May 2021] China Gas Holdings Limited (00384) said the group has
conditionally agreed to acquire 100% of the issued share capital of two companies, Lofty
Intellect Limited and Nova Gas Limited (the target companies), for a total cash
consideration of RMB483,660,000.
Upon completion of the acquisition, the company will indirectly hold 49% equity
interests in Beijing Huayou United Gas Development Co., Ltd. (Beijing Huayou) through the
acquisition of the target companies.
The principal businesses of Beijing Huayou include the investment and operation of city
piped natural gas, natural gas refilling stations and trading of liquefied natural gas.
(RC)