China Gas Holdings Ltd. has announced a significant development in its electricity and new energy segment through a connected transaction involving a capital increase. On June 20, 2025, the Target Company and Zhongran Gas, both wholly-owned subsidiaries of China Gas Holdings, along with China Dual Carbon, Brilliant Linkwise, and Beauty Asia, entered into a Capital Increase Agreement. As a result of this agreement, the three companies will subscribe to newly issued registered capital, acquiring a 23% equity interest in the Target Company for a total consideration of RMB216 million. This strategic move is seen as a step towards enhancing operational efficiency and fostering sustainable growth in the energy sector.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Gas Holdings Ltd. published the original content used to generate this news brief on June 20, 2025, and is solely responsible for the information contained therein.