BRIEF-Towngas China Says Merger Of Joint Venture Companies

Reuters

2024/09/26

Sept 26 (Reuters) - Towngas Smart Energy Co Ltd

* MERGER OF JOINT VENTURE COMPANIES

* SHANDONG JIHUA IS TO BE MERGED INTO AND ABSORBED BY SHANDONG TOWNGAS

* SHANDONG TOWNGAS WILL BE OWNED AS TO 51% BY JINAN ENERGY GROUP, AS TO 30.3% BY HKCG (JINAN)

* ORIGINAL TOTAL COST OF ACQUISITION OF 49% EQUITY INTEREST IN SHANDONG TOWNGAS TO HKCG (JINAN) IS RMB343 MILLION

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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