China Gas Holdings Ltd. has announced a significant development in its electricity and new energy segment through a connected transaction involving a capital increase. On June 20, 2025, the Target Company and Zhongran Gas, both wholly-owned subsidiaries of China Gas Holdings, along with China Dual Carbon, Brilliant Linkwise, and Beauty Asia, entered into a Capital Increase Agreement. As a result of this agreement, the three companies will subscribe to newly issued registered capital, acquiring a 23% equity interest in the Target Company for a total consideration of RMB216 million. This strategic move is seen as a step towards enhancing operational efficiency and fostering sustainable growth in the energy sector.
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