Hubei Heyuan Gas Co.,Ltd.(002971.SZ) plans to acquire partial equity of its subsidiary Heyuan New Materials for 227 million yuan.
Hubei Heyuan Gas Co.,Ltd. (002971.SZ) announced that the company plans to acquire, in cash, a 10.8857% equity interest in Hubei Heyuan New Materials Co., Ltd. ("Heyuan New Materials") held by Yichang Xingyuan Industrial Investment Fund Partnership (Limited Partnership) and a 0.0083% equity interest in Heyuan New Materials held by Wuhan Changniu Enterprise Management Partnership (Limited Partnership), for a total consideration of approximately 227 million yuan. Upon completion of the transaction, the company's shareholding in Heyuan New Materials will increase from 73.3121% to 84.2061%, and Heyuan New Materials will remain a controlled subsidiary of the company.
Hubei Heyuan Gas Co.,Ltd. (002971.SZ) announced that the company plans to acquire, in cash, a 10.8857% equity interest in Hubei Heyuan New Materials Co., Ltd. ("Heyuan New Materials") held by Yichang Xingyuan Industrial Investment Fund Partnership (Limited Partnership), and a 0.0083% equity interest in Heyuan New Materials held by Wuhan Changniu Enterprise Management Partnership (Limited Partnership), for a total consideration of approximately RMB 227 million. After the transaction is completed, the company's shareholding in Heyuan New Materials will increase from 73.3121% to 84.2061%, and Heyuan New Materials will remain a controlled subsidiary of the company.
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