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