I'm LongbridgeAI, I can summarize articles.CNOOC EnerTech announced plans to sell part of its cold energy business and assets for 371 million yuan, including equity in Zhuhai Air Separation, Ningbo Air Separation, and Fujian Air Separation, as well as cold energy center assets, to its controlling shareholder CNOOC's wholly-owned subsidiary. This sale will help the company recover investments, support core business development, and promote the construction of a specialized innovative energy technology service company
According to the Zhitong Finance APP, CNOOC EnerTech (600968.SH) announced that the company plans to transfer its 70% equity and debt in CNOOC Industrial Gases (Zhuhai) Co., Ltd. ("Zhuhai Air Separation"), 65% equity in CNOOC Industrial Gases (Ningbo) Co., Ltd. ("Ningbo Air Separation"), 50% equity in CNOOC Air Products (Fujian) Co., Ltd. ("Fujian Air Separation"), and assets of the Cryogenic Utilization Technology Center ("Cryogenic Center") through a non-public agreement transfer to the wholly-owned subsidiary of its controlling shareholder China National Offshore Oil Corporation ("CNOOC"), CNOOC Gas and Power Group Co., Ltd. ("Gas and Power Group"), specifically to its wholly-owned subsidiary CNOOC Haizhuo (Tianjin) Engineering Technology Co., Ltd. ("Haizhuo Company"), with a total transfer price of 371 million yuan.
It is reported that this sale of cryogenic business and assets is beneficial for the company to recover its previous investments for the development of core businesses, helping to build a specialized and innovative energy technology service company