Glonghui, December 11|Blue Flame Holdings (000968.SZ) announced that in order to increase the asset size of Shanxi Blue Flame Holdings Co., Ltd., and Huaxin Gas Group Co., Ltd. (“Huaxin Gas Group”) and Huaxin Gas Group Co., Ltd. (“Huaxin Gas Group”) effectively fulfill their respective “Commitments to Avoid Competition with Listed Companies”, Blue Flame Holdings plans to acquire Shanxi Energy Industry Group Co., Ltd. (“Energy Production Group”) in cash to acquire Shanxi Coalbed Methane Co., Ltd. (“Shanxi Coalbed Gas Group”) or “Benchmark Gas” Company”) 81% Equity (hereafter referred to as “this transaction”). The parties to the transaction negotiated to determine the final price of 81% of Shanxi coalbed methane shares (“underlying assets” or “underlying shares” for short) of 360 million yuan.
The transaction has been approved by Huaxin Gas Group, and the “Evaluation Report” of the underlying asset of this transaction has been filed by Huaxin Gas Group. Other than the above approval and filing, the transaction does not require approval from other relevant departments.