Brief: Changfeng introduces strategic partner for Pingxiang Project

CF Energy

23/11/2017 14:35

Nov 23 (Reuters) - Changfeng Energy Inc  CFY.V  
    * Changfeng energy - co's unit, hunan zhongyou gas, enter 
into 
equity restructuring agreement with xin'ao gas development, 
xin'ao gas (china) investment 
    * Changfeng energy - as per agreement, post equity 
restructuring 
completion, capital of pingxiang changfeng gas will increase 
from rmb 20 million to rmb 80 million 
    * Changfeng energy-as per agreement, post equity 
restructuring 
completion, pingxiang changfeng gas will repay outstanding loan 
of rmb 46.8 million owed to co 
 
Source text for Eikon:  ID:nCCN8b2lDa  
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