China Res Gas (HKG:1193) to buy AEI China Gas at US$238M


China Resources Gas (HKG:1193) announces that it agreed to acquire the entire issued share capital of AEI China Gas Ltd. (target group) at US$237.718 million, subject to adjustment.

The target group is principally engaged in operation of city gas pipelines, gas selling and distribution and operation of compressed natural gas, liquefied natural gas and liquefied petroleum gas stations in the PRC. It operates 28 city gas projects, 8 gas stations and 4 midstream gas transmission pipelines projects in 11 provinces in the PRC.



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