Beijing Gas Blue Sky Faces Litigation Over Benxi Liaoyou Acquisition
Beijing Gas Blue Sky Holdings Ltd. is currently involved in litigation initiated by Dalian PetroChina Xiuhe Energy Co., Ltd. against multiple parties, including itself, over a 10% equity acquisition in Benxi Liaoyou. The dispute arises from a transaction originally between Shenzhen Xinliao and Liaohe Longyi, with Dalian PetroChina not being a party to the original agreement. The company is addressing the litigation as part of its disclosure obligations.
