China Resources Gas spent 784 million of Fuzhou state-owned gas 49% equity

Every reporter Shaoxiaofen from Shanghai in the acquisition of Wuhan, Kunming, Luzhou, Tongzhou and other 9 cities in the Gas distribution project control rights, China Resources Gas (Group) Co., Ltd. (hereinafter referred to as China Resources Gas) and 784 million yuan to obtain 49% of the shares of Fuzhou Gas, at the same time to obtain a specific range of gas pipeline in the 25-year franchise. The daily economic news reporter learned that the Fuzhou gas company and liquefied gas companies and the two countries have a fuel industry and China Resources Gas has signed the transfer of equity documents.　　At present, Fuzhou state-owned gas shares 50% transfer has been approved by the Fujian municipal government, the next step will be reported to the Ministry of Commerce for approval.　　In March this year, Fuzhou state-owned gas enterprises 50% of the shares officially in Fuzhou property Rights Trading Center announced the transfer. According to the requirements of the prior transfer announcement, if the applicant is an overseas legal person, only 49% of the equity is allowed, and another 1% of the shares shall be made by unrelated legal entities which are not affiliated with foreign capital in the territory of the community.　　Therefore, China Resources Gas and Shenzhen Shengkai Investment Co., Ltd. were respectively affected by 49% and 1%, of which the amount of funds invested by Huarun gas is 784 million yuan. China Resources Gas is a wholly-owned subsidiary of China Resources (Group) Co., Ltd. was incorporated in Hong Kong in 2006.　　According to the "franchise agreement", once approved by the Ministry of Commerce, Huarun Gas will have Fuzhou pipeline gas 25 years franchise, mainly in the form of pipeline to provide users with gas, improve the laying of pipelines, the provision of pipeline gas facilities security maintenance, renovation and rush and other services and charge related fees.　　It is reported that the transfer of equity is the first Fuzhou state-owned public utility market operation, because of Fuzhou's strong gas market and development potential, the transfer price than the outside world originally expected a lot higher. In this respect, Fuzhou director Lian said recently, "although the premium is higher, but not at the expense of public interest and public safety."　　"The related personage pointed out, the gas price still is decided by the price department, and the real-time monitoring, does not have the possibility which after the transfer rises freely." "The domestic gas upstream infrastructure will be completed in the next two or three years, the supply of gas will be doubled, and the entire urban gas distribution downstream industry will also have rapid and substantial growth." Yesterday, an insider from China Resources Group told the Daily Economic news reporter, China resources will continue to take the new City project, the goal is two or three years to win 20~30 a new project.