Shaangu Power Plans to Acquire 36.06% Stake in Qinfeng Gas via Share Issuance, Shares Resume Trading

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Summary · why it matters

Shaangu Power announced that it plans to acquire a combined 36.06% equity interest in Shaanxi Qinfeng Gas Co., Ltd. from minority shareholders through the issuance of shares. The counterparties include Shaanxi Chemical Group, Shaanxi Yanchang Petroleum Group, Shaanxi Financial Holding Group, and Xi'an Hengbolong Enterprise Management Consulting Partnership. Trading in the company's shares will resume from the market open on July 13, 2026. The transaction is still subject to further review by the company's board of directors, approval by the shareholders' meeting, and clearance from competent regulatory authorities, and there remains uncertainty.

Impact on assets 1

Others▲ · 1 stocks
XiAn Shaangu Power Co Ltd
601369
▲ PositiveCapitalrelevance

Shaangu Power plans to acquire a 36.06% stake in Qinfeng Gas via share issuance, which is a strategic M&A move.

Off-coverage companies 4

陕西秦风气体股份有限公司Private▲ Positive
Capitalrelevance

Qinfeng Gas is the target of the acquisition, with Shaangu Power acquiring a 36.06% stake.

西安恒博隆企业管理咨询合伙企业Private± Mixed
relevance

陕西化工集团Private± Mixed
relevance

陕西金融控股集团Private± Mixed
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