---
title: "Shuifa Gas plans to acquire a 65% stake in Xingrui Energy to optimize its industrial layout"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/236754905.md"
description: "Shuifa Gas announced plans to acquire 65% equity in Xingrui Energy for 0 yuan, after which the paid-in registered capital will be 65 million yuan. Xingrui Energy will establish a natural gas helium extraction and reserve peak-shaving project, with a total investment expected to be 506 million yuan. The project commenced in April 2023 but was suspended due to a funding shortage starting in December 2023, with production expected to begin in September 2026. This acquisition will optimize the company's industrial layout and enhance market competitiveness and profitability"
datetime: "2025-04-21T09:08:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/236754905.md)
  - [en](https://longbridge.com/en/news/236754905.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/236754905.md)
---

# Shuifa Gas plans to acquire a 65% stake in Xingrui Energy to optimize its industrial layout

According to the Zhitong Finance APP, Shuifa Gas (603318.SH) announced that the company acquired 65% of the equity of Qingyang Xingrui Energy Co., Ltd. (referred to as: the target company or Xingrui Energy) for 0 yuan. After the completion of the equity transfer, the registered capital of 65 million yuan will be paid in according to the shareholding ratio. The target company is constructing the "Qingyang City Natural Gas Helium Extraction and Reserve Peak Regulation Integrated Project," with a total estimated investment of 506 million yuan. In addition to the paid-in registered capital of 100 million yuan, the remaining project construction funds of 406 million yuan will be sourced from financing leases and bank financing by Xingrui Energy. Currently, the approvals for the project, land, environmental assessment, energy assessment, safety assessment, planning, and construction permits have all been obtained, and construction began in April 2023. However, due to a shortage of funds, the project has been suspended since December 2023. After the completion of this acquisition, under the premise of effective funding assurance, the project is expected to be put into operation in September 2026.

After the completion of this acquisition, with the project completed and put into operation, it will further optimize the company's industrial layout, enhance market competitiveness, increase the scale of the company's quality assets, improve the company's operating income and profitability, and strengthen the company's core competitiveness

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