According to Zhitong Finance App, Ganghua Smart Energy (01083) issued an announcement. On March 28, 2024, the buyer Ganghua Gas Investment Co., Ltd. (a wholly-owned subsidiary of the company) signed a transfer agreement with the seller Ganghua Gas Investment Co., Ltd. to acquire 25% of the target company Yangxin Ganghua Gas Co., Ltd. from the seller at a cost of RMB 20 million.

The announcement stated that after the acquisition, the target company will be owned by the buyer, Shandong Ganghua and Yangxin Investment, making the shareholding structure more stable and reasonable. It is expected that the optimization of the shareholding structure will further increase the government's recognition and support for the target company, thereby increasing the target company's local brand awareness. The target company can also further cooperate with Yangxin Investment to find business opportunities in comprehensive energy and natural gas expansion business. The Group's increased shareholding in the target company will strengthen the Group's control over the management of the target company and enjoy the benefits brought by the target company's business development.