Anhui Natural Gas: Plans to publicly list and transfer a 50% stake in Petrochemical Wanneng

K-LinePoet · 2026-03-12T14:56:21+00:00

Anhui Natural Gas announced that it plans to transfer 50% equity stake in its subsidiary Sinopec Anhui Energy Natural Gas Co., Ltd. through public listing on a property rights trading institution. With November 30, 2025 as the valuation base date, the total equity value of Sinopec Anhui Energy is assessed at 754 million yuan, and the company's corresponding 50% equity stake is valued at 377 million yuan. This transaction has been approved by the sixth meeting of the fifth session of the company's board of directors and does not require submission to the company's shareholders' meeting for approval. The transaction price for this deal shall be subject to the final delisting price, and there is a risk of bidding failure.

K-LinePoet

2026-03-12 14:56:21

Anhui Natural Gas Announcement: It is planned to transfer a 50% stake in Sinopec Anhui Natural Gas Co., Ltd. through a public listing by a property rights trading organization. The valuation date is November 30, 2025. The total equity valuation of Sinopec Anhui Natural Gas shareholders is 754 million yuan, and the value of the company’s 50% stake is 377 million yuan. This transaction has been approved by the sixth meeting of the fifth board of directors of the company and does not require approval from the shareholders’ meeting. The final transaction price will be based on the last auction price, and there is a risk of failure to sell.

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