Sichuan Guangan AAA Public Co., Ltd. (SHSE:600979) signed an agreement to acquire Xuanran Natural Gas Co., Ltd. from 26 sellers for approximately CNY 950 million on February 13, 2017. Sichuan Guangan AAA Public Co., Ltd. will issue of 129.3 million Class A common shares of Sichuan Guangan AAA Public Co., Ltd at CNY 7.35 per share. In related deal, Sichuan Guangan AAA Public Co., Ltd. (SHSE:600979) signed a conditional agreement to acquire Sichuan Guang'an AAA Public Garden Water Co., Ltd from Sichuan Guang’an Garden Water System Co., Ltd. and Sichuan AAA Public Development Group Co., Ltd. for approximately 210 million on February 13, 2017. The seller group comprises of Shanghai Zhongneng New Energy Investment (Group) Co., Ltd., Hangzhou Ronggao Equity Investment Co., Ltd., Shanghai Yanhe Investment Partnership, Shanghai Ronggao Venture Capital Co., Ltd., Xinjiang Xinxi Equity Investment Co. Ltd., Shenzhen Guangyaxin Investment Enterprise Center (Limited Partnership), Zhao Fengzhan, Liu Deqing, Wu Zhenguo, Yu Xizhong, Wang Yanmin, Gong Jianjun, Ren Yuan, Yang Liangdong, Gu Juexin, Hu Jianfei, Xu Zhenye, He Yuanlai, Ma Jiali, Gu Meili, Zhu Dejiang, Ji Pingyu, Sun Qimei, Wang Deyuan, Weng Tianbo and Liu Yan. Shanghai Zhongneng New Energy Investment (Group) Co., Ltd. will sell 55.64% stake and will get 71.9 million shares, Hangzhou Ronggao Equity Investment Co., Ltd. will sell 13.09% stake and will get 16.9 million shares, Shanghai Yanhe Investment Partnership will sell 9.77% stake and will get 12.6 million shares, Shanghai Ronggao Venture Capital Co., Ltd. will sell 7.85% stake and will get 10.2 million shares, Xinjiang Xinxi Equity Investment Limited Partnership Enterprise will sell 5.24% stake and will get 6.8 million shares, Shenzhen Guangyaxin Investment Enterprise Center (Limited Partnership) will sell 2.33% stake and will get 3 million shares, Zhao Fengzhan will sell 1.7% stake and will get 2.2 million shares, Liu Deqing will sell 0.91% stake and will get 1.2 million shares, Wu Zhenguo will sell 0.45% stake and will get 0.59 million shares, Yu Xizhong will sell 0.45% stake and will get 0.59 million shares, Wang Yanmin will sell 0.45% stake and will get 0.59 million shares, Gong Jianjun will sell 0.45% stake and will get 0.59 million shares, Ren Yuan will sell 0.32% stake and will get 0.41 million shares, Yang Liangdong will sell 0.28% stake and will get 0.37 million shares, Gu Juexin will sell 0.18% stake and will get 0.24 million shares, Hu Jianfei will sell 0.15% stake and will get 0.19 million shares, Xu Zhenye will sell 0.14% stake and will get 0.18 million shares, He Yuanlai will sell 0.11% stake and will get 0.15 million shares, Ma Jiali will sell 0.11% stake and will get 0.15 million shares, Gu Meili will sell 0.11% stake and will get 0.15 million shares, Zhu Dejiang will sell 0.09% stake and will get 0.12 million shares, Ji Pingyu will sell 0.05% stake and will get 0.07 million shares, Sun Qimei will sell 0.05% stake and will get 0.06 million shares, Wang Deyuan will sell 0.05% stake and will get 0.06 million shares, Weng Tianbo will sell 0.001% stake and will get 0.001 million shares and Liu Yan will sell 0.001% stake and will get 0.001 million shares. As on October 31, 2016, Xuanran Natural Gas Co., Ltd. reported total assets of CNY 680.9 million and net assets of CNY 447.8 million. On February 13, 2017, the Board of Directors of Sichuan Guangan AAA Public Co., Ltd. approved the deal. The deal is further subject to approval from a secondary directorate approval of Sichuan Guangan AAA Public Co., Ltd., State-owned Assets Supervision and Administration Commission, Merger, Acquisition, and Reorganization Examination Committee, China Securities Regulatory Commission and shareholders of Sichuan Guangan AAA Public Co., Ltd. Zhong De Securities Company Limited acted as financial advisor, Beijing Kang Da Law Firm acted as legal advisor and Ruihua Certified Public Accountants, LLP acted as accountant for Sichuan Guangan AAA Public Co., Ltd. Sichuan Guangan AAA Public Co., Ltd. (SHSE:600979) cancelled the acquisition of Xuanran Natural Gas Co., Ltd. from 26 sellers on April 12, 2017.