[Beiqing Huanneng: Signing a Framework Agreement for the Acquisition of 100% Equity Interests of Sichuan Jianknight]Beiqing Huaneng announced that it intends to sign an Equity Acquisition Framework Agreement with Lv Youjun on the acquisition of 100% equity of Sichuan Jianqi, and the overall value of the target company shall not exceed 260 million yuan; Beijing Enterprises Shifang, a wholly-owned subsidiary, intends to sign an “Exclusive Grease Sales Agreement” with Sichuan Jianqi. (Financial Association)
Beiqing Ring Energyannouncementintends to sign the “Equity Acquisition Framework Agreement” with Lu Youjun on the acquisition of 100% equity of Sichuan Jian Knight, the overall value of the target company does not exceed 260 million yuan; the wholly-owned subsidiary Beijing Enterprises Shifang intends to sign the “Exclusive Sales of Oils and Oils” with Sichuan Jian Knight Agreement, which stipulates that within the validity period, the target company will sell and supply at least 2,500 tons of grease and waste oil to BE Shifang every 3 months on average, and the oil, grease, and waste oil that the target company will sell and supply to BE Shifang within 12 months. The amount of waste oil shall not be less than 10,000 tons.
(Article source: Financial Associated Press)