Dalian Energas Gas-System Co., Ltd. acquired 80% stake in Ya’an Huaran Natural Gas Co., Ltd., Longchang Longyao Natural Gas Co., Ltd., Yichuan Huaran Natural Gas Co., Ltd., Shangcai Huaran Natural Gas Co., Ltd., Xiping Huaran Gas Co., Ltd., Fangcheng Huaran Natural Gas Co., Ltd., Suiping Huaran Gas Co., Ltd. from Zigong City Huaran Natural Gas Co., Ltd.
January 10, 2017
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Dalian Energas Gas-System Co., Ltd. (SHSE:603318) entered into conditional asset acquisition agreement to acquire 80% stake in Ya’an Huaran Natural Gas Co., Ltd., Longchang Longyao Natural Gas Co., Ltd., Yichuan Huaran Natural Gas Co., Ltd., Shangcai Huaran Natural Gas Co., Ltd., Xiping Huaran Gas Co., Ltd., Fangcheng Huaran Natural Gas Co., Ltd., Suiping Huaran Gas Co., Ltd. from Zigong City Huaran Natural Gas Co., Ltd. on January 9, 2017. On January 10, 2017, Dalian Energas Gas-System Co., Ltd held the 13th extraordinary session of the 2nd directorate and approved the transaction.
Shuifa Energas Gas Co Ltd, formerly Dalian Energas Gas-System Co Ltd, is a China-based company engaged in the design, manufacture, sales and services of gas distribution and gas application related products. The Company principally provides the pressure regulating systems for gas distribution, and the preprocessing systems for gas power generation. Its products are divided into three categories: fuel gas distribution system; fuel gas application, including auxiliary equipment for gas turbines, pipes for gas turbines and seal pipes of steam turbines; as well as spare parts.