CHI PEOPLE HOLD plans to invest CNY 23.8 million to acquire pipeline gas transmission and distribution assets in Tongnan District, Chongqing
CHI PEOPLE HOLD announced plans to acquire pipeline gas transmission and distribution assets in Tongnan District, Chongqing, for 23.8 million yuan, including pipelines, gas facilities, office and construction equipment, etc. This acquisition aims to expand market share, develop pipeline gas transmission and distribution business, and leverage new assets to seize greater market opportunities
According to the Zhitong Finance APP, CHI PEOPLE HOLD (00681) announced that on October 15, 2025, its indirectly wholly-owned subsidiary Chongqing Chi Min Gas Co., Ltd. intends to acquire the pipeline gas transmission and distribution assets located in Tongnan District, Chongqing, China, from Chongqing Tongnan District Huimin Gas Co., Ltd. The assets include pipelines, gas facilities and equipment, office equipment, construction equipment, and related equipment, with a consideration of RMB 23.8 million.
The company has been actively seeking business opportunities to expand its market share. This acquisition of such assets aims to develop the pipeline gas transmission and distribution business. The company believes that it can seize greater market share opportunities by utilizing these assets to operate the pipeline gas transmission and distribution business
