Tangde Gas buys 39% stake in China Gas Industry Investment for USD30.1 million and launches HKD0.626 per share cash offer

Reuters03-13

Tangde Gas buys 39% stake in <a href="https://laohu8.com/S/CGHLY">China Gas</a> Industry Investment for USD30.1 million and launches HKD0.626 per share cash offer

Tangde Gas completed the purchase of 468.1 million shares in China Gas Industry Investment, representing 39% of the company, for USD 30.1 million. Following the acquisition, First Shanghai Securities will make a conditional mandatory cash offer of HKD 0.626 per share for the remaining shares it does not already own. The offer price includes an adjustment tied to an assigned dividend receivable of RMB 50.67 million. The offer is conditional on Tangde Gas and its concert parties holding more than 50% of voting rights after acceptances. Trading in China Gas Industry Investment shares is set to resume on 16 March 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Gas Industry Investment Holdings Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260313-12051975), on March 13, 2026, and is solely responsible for the information contained therein.

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