Blue Sky Power Holdings said that it has entered into an acquisition agreement with Zhongbang Wealth Equity Investment Fund Management to acquire the beneficiary rights in the principal amount of RMB15 million under the Asset Management Scheme, which is used to finance the construction of a natural gas project in Qujing, Yunan.
The project will be managed and operated by Yunnan Jiadao Investment company, Blue Sky Power said in a statement. The full amount of the beneficiary rights will be repurchased by Zhongbang Wealth at an amount of RMB 16.8 million. The Company also entered into an option agreement with Profit Well Limited, who is going to acquire 30.25% effective equity interest in Yunnan
The full amount of the beneficiary rights will be repurchased by Zhongbang Wealth at an amount of RMB 16.8 million. The Company also entered into an option agreement with Profit Well Limited, who is going to acquire 30.25% effective equity interest in Yunnan
The company also entered into an option agreement with Profit Well Limited, who is going to acquire 30.25% effective equity interest in Yunnan Jiadao, pursuant to which the company agreed to acquire an option to purchase the 30.25% equity interest in Yunnan Jiadao. The consideration for the option is RMB nil and the exercise price will be determined separately between the company and Profit Well Limited.
Yunnan Jiadao has entered into an investment cooperation agreement with the People’s Government of Quijing, and was granted the investment project registration certificates in respect of the construction of 9 LNG refueling stations and the plant for the refitting and assembling of natural gas heavy trucks in Qujing.
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Image: Blue Sky Power