Certain Shares of Anhui Province Natural Gas Development Co., Ltd. are subject to a Lock-Up Agreement Ending on 10-JAN-2020.
January 09, 2020
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Certain Shares of Anhui Province Natural Gas Development Co., Ltd. are subject to a Lock-Up Agreement Ending on 10-JAN-2020. These Shares will be under lockup for 1106 days starting from 30-DEC-2016 to 10-JAN-2020.
Details:
The company shareholders Anhui Province Energy Group Company Limited, An Hui Wenergy Company Limited, and Anhui Wenergy Power Operation And Maintenance Co., Ltd. committed: to not transfer or entrust to a third party the Company’s shares they hold directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the listing date i.e January 10, 2017.
The company shareholders Hong Kong and China Gas (Anhui) Company Limited, Sdic Xinji Energy Co., Ltd. committed: to not transfer or entrust to a third party the Company’s shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 12 months from the listing date i.e January 10, 2017.
Anhui Province Natural Gas Development Co Ltd is a company mainly engaged in investment, construction and operation of long-distance natural gas pipelines. The Company's long-distance pipeline business is involved in the sales of natural gas to city gas companies and direct supply to industrial clients, as well as provision of agency transportation services. The compressed catural gas (CNG)/liquefied natural gas (LNG) business is engaged in processing of natural gas and then selling the compressed natural gas and liquefied natural gas to the clients. The city gas business operates the sales of natural gas to city gas terminal users by building a city gas transmission and distribution system. The installation engineering business provides operation, repair and maintenance services of gas and natural gas related equipment and appliances.