Guanggang Gas Unit to List Idle Air Separation Assets for RMB 60.05 Million After Customer Bankruptcy

Guanggang Gas announced that its controlling subsidiary Henan Guanggang Gas Energy Co. , Ltd. plans to sell idle assets at its plant through a public listing. The air separation assets, custom-built for former customer Henan Junhua Development Co. , have become idle as a result of the customer's bankruptcy restructuring. To recover invested capital, Henan Guanggang will dispose of the relevant assets, with the initial listing price set at no less than the appraised value of RMB 60.0542 million, excluding VAT.