Shenzhen-listed gas power generator Shenzhen Nanshan Power plans to issue new shares to Hong Kong-listed China Gas Holdings to acquire two indirectly wholly owned subsidiaries of the latter.
One subsidiary, Zhejiang Zhongran Huadian Energy, is mainly engaged in the purchase, storage, transport, trading and wholesale of LPG, while Shenzhen Zhongran Zhongranqi Technology focuses on the technological development of fuel gas and the production, transmission and supply of piped city gas.
The volume and value of the shares has not been set. Nanshan Power shares have been suspended...
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