Matheson Energy Pte. Ltd. signed a share transfer agreement to acquire 100% stake in Guangxi Tiansheng Port Company Limited from Oriental Energy Co., Ltd. (SZSE:002221) and Nanjing Oriental Energy Gas Co., Ltd. for approximately CNY 520 million on February 12, 2020. Matheson Maoming will pay Oriental CNY 490.77 million and Nanjing Oriental CNY 25.83 million. Matheson will pay the purchase price in phases, where, Matheson will pay 20% (CNY 98.154 million) of equity transfer payments to the company in the first phase, and 20% (CNY 5.166 million) of equity transfer payments to Nanjing Gas within 10 days of the completion of the equity transfer, Matheson Maoming will pay 50% (CNY 245.385 million) of equity transfer payments to the company, and 50% (CNY 12.915 million) of equity transfer payments to Nanjing Gas before December 31, 2020, Matheson Maoming will pay the remaining balance of CNY 147.231 million to the company, and the remaining balance of CNY 7.749 million to Nanjing Gas. Tiansheng Port had a total revenue of CNY 1.056 billion, Total Common equity of CNY 254.09 million and Total assets of CNY 699.85 million in September 2019. Matheson Energy Pte. Ltd. cancelled the acquisition of 100% stake in Guangxi Tiansheng Port Company Limited from Oriental Energy Co., Ltd. (SZSE:002221) and Nanjing Oriental Energy Gas Co., Ltd. on February 12, 2021.