Henan Gas (Group) Co.,Ltd. agreed to acquire Henan Ancai Gas Co., Ltd. from Henan Ancai Hi-Tech Co.,Ltd (SHSE:600207) for CNY 15.9 million on May 23, 2024. The consideration consists of CNY 15.99 million in cash. As part of the consideration, CNY 15.99 million was paid towards common equity.

Henan Ancai Gas Co., Ltd. reported the total assets worth of CNY 135.4769 million, total common equity worth of CNY 6.6851 million and reported the sales revenue of CNY 186.8596 million and the net loss of CNY 16.8619 million, as of December 31, 2023. The transaction is approved by the board of directors of Henan Ancai Hi-Tech Co.,Ltd (SHSE:600207). The transaction is subject to the approval of the shareholders of Henan Ancai Hi-Tech Co.,Ltd (SHSE:600207).

As of June 13, 2024, the shareholders of Henan Ancai Hi-Tech approved the transaction.