Shaanxi Natural Gas: Shareholders' transfer of 13% equity has been approved by the state assets, and the transaction awaits approval from the Shenzhen Stock Exchange.

date
24/09/2025
On August 18, 2025, Shaanxi Natural Gas Holdings, the controlling shareholder of Shaanxi Gas Group, signed a "Stock Transfer Agreement" with China Communications Capital and Huitong Capital, intending to transfer 144,569,808 shares at a price of 7.97 yuan per share, accounting for 13% of the total company shares. After the transaction is completed, Shaanxi Gas Group's shareholding will decrease from 64.43% to 51.43%, with China Communications Capital and Huitong Capital holding 7% and 6% respectively. Recently, Shaanxi Natural Gas received approval from Shaanxi State-owned Assets for the transfer. Currently, the transaction still needs to be reviewed by the Shenzhen Stock Exchange, and will be processed for transfer registration after receiving confirmation documents. The company will continue to disclose progress and remind investors to pay attention to risks.