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Beijing Gas Blue Sky Resolves Litigation, Acquires Full Interest in Fund 47

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Beijing Gas Blue Sky Resolves Litigation, Acquires Full Interest in Fund 47

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An update from Beijing Gas Blue Sky Holdings Ltd ( (HK:6828) ) is now available.

Beijing Gas Blue Sky Holdings Limited has reached a mediation agreement to resolve litigation with Yu Pengnian Management and other parties, resulting in the company acquiring full interest in Fund 47 and an indirect 40% equity interest in Target Company 47. This agreement, which avoids further legal proceedings, allows the company to consolidate its interests without making Target Company 47 a subsidiary, thereby not affecting its financial statements.

More about Beijing Gas Blue Sky Holdings Ltd

Beijing Gas Blue Sky Holdings Limited operates in the energy sector, focusing on the development and investment in natural gas and clean energy projects. The company is involved in the distribution and sale of natural gas and related products, primarily targeting markets in China.

Average Trading Volume: 10,033,985

Technical Sentiment Signal: Sell

Current Market Cap: HK$1B

Find detailed analytics on 6828 stock on TipRanks’ Stock Analysis page.

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