CHI PEOPLE HOLD (00681) Plans to Invest RMB 23.8 Million in Acquiring Pipeline Gas Distribution Assets in Chongqing's Tongnan District

Stock News
Oct 15, 2025

According to the announcement, on October 15, 2025, CHI PEOPLE HOLD (00681) revealed that its wholly-owned indirect subsidiary, Chongqing Chi People Gas Co., Ltd., is set to acquire pipeline gas distribution assets from Chongqing Tongnan District Huimin Gas Co., Ltd. These assets, located in Tongnan District, Chongqing, China, include pipelines, gas facilities and equipment, office equipment, construction equipment, and related assets, for a total consideration of RMB 23.8 million. The company has been actively seeking opportunities to expand its market share. This acquisition aims to facilitate its pipeline gas distribution operations. The company believes that by utilizing these assets, it can seize greater market share opportunities in the pipeline gas distribution business.

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