SICHUAN EN INV(01713): The controlling shareholder will be changed to Sichuan Energy Development Group.

date
27/02/2025
avatar
GMT Eight
SICHUAN EN INV (01713) has issued an announcement that Energy Investment Group has been notified that Sichuan Energy Development Group has completed the registration and establishment procedures on February 25, 2025. On February 27, 2025, Sichuan Energy Development Group, Sichuan Provincial Investment Group, and Energy Investment Group entered into an agreement on the inheritance and delivery of assets of Sichuan Energy Development Group, Sichuan Provincial Investment Group, and Energy Investment Group. According to the agreement, the conditions for the delivery of the merger agreement have been met, and the signing date of the agreement (February 27, 2025) is the delivery date. From the delivery date onwards, all assets, liabilities, business, employees, contracts, qualifications, along with other rights and obligations of Energy Investment Group and Sichuan Provincial Investment Group are transferred to and assumed by Sichuan Energy Development Group; the equity or other interests of subsidiaries and affiliated companies held by Energy Investment Group and Sichuan Provincial Investment Group belong to Sichuan Energy Development Group. From the delivery date onwards, all outstanding debts, obligations, and responsibilities of Energy Investment Group and Sichuan Provincial Investment Group are assumed by Sichuan Energy Development Group. After the restructuring is completed, the controlling shareholder of the company will be changed from Energy Investment Group to Sichuan Energy Development Group, while the State-owned Assets Supervision and Administration Commission of Sichuan Province remains the ultimate controlling shareholder of the company. Currently, the group's production and operation are running normally, and the company will disclose information promptly in accordance with the progress of the restructuring, as required by listing rules and applicable laws and regulations.

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