Top Energy To Acquire 51% Stake In Shanxi Gas Co.

Date:2011-11-15houhaizhen  Text Size:

November 15 -- Thermal power producer Top Energy Company Shanxi (600780.SH) plans to acquire a 51 percent stake in Shanxi International Electricity Natural Gas in order to become the latter’s controlling shareholder, reports, citing a company filing.

The target company is engaged in the investment, construction and management of natural gas-related businesses, and was awarded licenses by the Shanxi government to engage in the coal bed methane, natural gas, coke oven gas, coal and natural gas businesses.

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