Kunlun Energy Investment Co., Ltd. cancelled the acquisition of 49% stake in Changsha Kunlun Energy Co., Ltd. from Hunan Investment Group Co., Ltd.
January 18, 2018
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Kunlun Energy (Hunan) Investment Co., Ltd. agreed to acquire 49% stake in Changsha Kunlun Energy Co., Ltd. from Hunan Investment Group Co., Ltd. (SZSE:000548) for CNY 0 on January 19, 2017. The transaction ahs been approved by Board of Hunan Investment Group Co., Ltd. and does not require approval from shareholders of Hunan Investment Group Co., Ltd.
Kunlun Energy (Hunan) Investment Co., Ltd. cancelled the acquisition of 49% stake in Changsha Kunlun Energy Co., Ltd. from Hunan Investment Group Co., Ltd. (SZSE:000548) on January 19, 2018.
Hunan Investment Group Co Ltd is a China-based company mainly engaged in the investment and development of urban complexes. The Company is also engaged in highway construction operations, asset management and property services and hotel investment operations. The urban complex investment and development business focuses on independent development and sales, and its business is mainly concentrated in residential real estate development, commercial real estate operations and other fields. The highway construction and operation is mainly engaged in expressway toll collection business. The asset management and property services rely on self-developed real estate projects and self-sustained commercial real estate to conduct business. The company conducts hotel investment and operations under the Junyi brand.
HUNAN INVESTMENT GROUP CO.,LTD. 
