Sou Hu Cai Jing·2025-08-26 12:45Group 1 - The transaction involves China National Petroleum Corporation's wholly-owned subsidiary Taihu Investment establishing three joint ventures to acquire 100% equity of three gas storage companies under the group [1] - The total transaction amount is 40.016 billion yuan, with individual valuations of 17.066 billion yuan, 9.995 billion yuan, and 12.955 billion yuan for the respective companies [1] Group 2 - Financial status of the target companies includes: Xinjiang Oilfield Gas Storage with total assets of 131.317 billion yuan, net assets of 130.689 billion yuan, and net profit of 7.617 billion yuan; Xiangguosi Gas Storage with total assets of 79.642 billion yuan, net assets of 79.043 billion yuan, and net profit of 4.404 billion yuan; Liaohe Oilfield Gas Storage with total assets of 144.218 billion yuan, net assets of 104.666 billion yuan, and net profit of 6.559 billion yuan [1] Group 3 - The transaction is classified as a related party transaction but does not constitute a major asset reorganization [1] - The pricing basis is based on the valuation by Zhonglian Asset Appraisal Group [1] - The expected closing date for the transaction is December 31, 2025 [1] - The acquisition is expected to add 10.97 billion cubic meters of working gas capacity and reduce related party transactions by 4.6 billion yuan [1] - The transaction has been approved by the board of directors and does not require shareholder approval [1]