Your current location：home > News > News Details
China Gas Information
China gas, (00384) reported on October 26, 2016, general partners and limited partners to form a fund limited partnership agreement. According to the limited partnership agreement, the fund is expected to have a total of 10.02 billion yuan of the total amount of capital contribution.
General partner subscribed capital contribution amount to 20 million yuan, accounting for more than 0.20%; Investors subscribed capital contribution amount is RMB 7 billion yuan, accounting for more than 69.86%; Subscribed investment subsidiary totaled 3 billion yuan, accounting for more than 29.94%.
Fund will be mainly involved in 4 g (pipeline gas, liquefied natural gas (LNG) and compressed natural gas and liquefied petroleum gas) energy project investment, promote comprehensive energy solution provider company from gas supplier to transition, in the country's energy infrastructure. Funds will be directly debt or equity investments way to achieve the above purpose.
A general partner (shenzhen combustion in fund management co., LTD.) of the registered capital is 20 million yuan, will be responsible for fund management and operation. In the announcement date, the general partner is a wholly-owned subsidiary of the subsidiary company, is an indirect wholly-owned subsidiary company.
General partners on the announcement day, affiliated companies and investors equity transfer agreement, in cash RMB 6 million will be a general partner a 30% stake in the subsidiary to transfer to the investors a general partner, in the transfer is completed, the general partner will no longer is the subsidiary of the company. A general partner by affiliated companies and investors to the rights and interests of a general partner has 70% and 70% respectively.
Limited partners, investors, i.e., the China insurance investment fund (limited partnership), will be the priority of this fund limited partners. Subsidiaries, namely, the fuel gas industry (shenzhen) co., LTD., is a wholly-owned subsidiary company, limited partners will provide funds after the bad level.