Heyuan Gas to Acquire About 10.89% Stake in Heyuan New Materials for 227 Million Yuan

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Summary · why it matters

Heyuan Gas announced that the company plans to acquire a 10.8857% stake in Heyuan New Materials held by Xingyuan Fund and a 0.0083% stake held by Wuhan Changniu in cash, with a total transaction price of about 227 million yuan. After the transaction, the company's shareholding in Heyuan New Materials will increase from 73.3121% to 84.2061%. Heyuan New Materials will remain a controlling subsidiary of Heyuan Gas.

Impact on assets 1

Others▲ · 1 stocks
Hubei Heyuan Gas Co Ltd
002971
▲ PositiveCapitalrelevance

Heyuan Gas is acquiring an additional ~10.89% stake in Heyuan New Materials for 227 million yuan, raising its holding to 84.21%.

Off-coverage companies 3

和远新材料Private± Mixed
Capitalrelevance

Heyuan New Materials' ownership shifts as Heyuan Gas buys out minority stakes, but it remains a controlling subsidiary.

星远基金Private± Mixed
Capitalrelevance

Xingyuan Fund is selling its 10.8857% stake in Heyuan New Materials to Heyuan Gas for cash.

武汉长牛Private± Mixed
Capitalrelevance

Wuhan Changniu is selling its 0.0083% stake in Heyuan New Materials to Heyuan Gas.

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