Shanxi Qinfeng Gas Co., Ltd. cancelled the acquisition of Shijiazhuang Shaangu Gas Co., Ltd. from Xi'an Shaangu Power Co., Ltd..
November 13, 2019
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Shanxi Qinfeng Gas Co., Ltd. agreed to acquire Shijiazhuang Shaangu Gas Co., Ltd. from Xi'an Shaangu Power Co., Ltd. (SHSE:601369) on November 14, 2018. For the year ended December 31, 2017, Shijiazhuang Shaangu Gas Co., Ltd. had total assets of CNY 293.9 million, net assets of CNY 132.7 million, operating profits of CNY 178.5 million and net profit of CNY 27.3 million. The transaction has been approved by Board of Xi'an Shaangu Power Co., Ltd.
Shanxi Qinfeng Gas Co., Ltd. cancelled the acquisition of Shijiazhuang Shaangu Gas Co., Ltd. from Xi'an Shaangu Power Co., Ltd. (SHSE:601369) on November 14, 2019.
XI'AN SHAANGU POWER CO., LTD. is a China-based company principally engaged in the development, manufacture and distribution of energy conversion equipment. The Company's main products are turbine compressor sets, including axial compressors, centrifugal compressors and air separation compressors; turbine blowing machine sets, including centrifugal blowing machines and draft blowers, as well as industrial process energy recovery devices. The Company is also involved in the provision of energy transformation system services including packaged engineering, logistics and trading, automation services and others, as well as operation of energy infrastructure business. It distributes its products within domestic market and to overseas markets.
XI'AN SHAANGU POWER CO., LTD. 
