Shaangu Power (601369.SH) plans to issue shares to buy 36.06% of Qinfeng Gas's shares and resume trading

Zhitong Finance App News, Shaanxi Gu Power (601369.SH) announced that the company plans to acquire 36.06% of the shares of Shaanxi Qinfeng Gas Co., Ltd., which are held by Shaanxi Chemical, Yanchang Group, Shaanxi Financial Holdings and Hengbolong by issuing shares. After the transaction is completed, the company will hold 100% of Qinfeng Gas's shares. The transaction price of the underlying asset in this transaction has not yet been determined. Trading of the company's shares has resumed since the opening of the market on July 13, 2026.

Qin Feng Gas is a specialized and large-scale state-owned large-scale industrial gas system solution provider and service provider. Its main business includes air separation gas business, synthesis gas business, comprehensive utilization of coke oven gas, and liquid retail. Among them, the air separation gas business is the core business of Qin Feng Gas, involving a variety of products, including industrial gases such as oxygen, nitrogen, and argon, to meet the needs of coal chemicals, iron and steel metallurgy, petrochemical, electronics, medical and other industries, and provide high-purity and stable gas supply services.

After the acquisition of minority shareholders' interests in the target company, the company's shareholding ratio in Qin Feng Gas will increase to 100%. The company's main business has not changed. The increase in the shareholding ratio is conducive to strengthening the management and control of the target enterprise, to group control and business sector collaboration, and to the smooth implementation of the company's main business strategic plan.