Sino Gas International Holdings, Inc. has entered into a Subscription Agreement by and among the company Sino Gas Construction Limited, a wholly-owned subsidiary of the company registered in the British Virgin Islands, and AMP Capital Asian Giants Infrastructure Fund (AGIF). In connection with this transaction, Sino Gas International Holdings signed the shareholders agreement with the BVI-incorporated Sino Gas Construction Limited and AGIF.
Under the terms of the shareholders agreement between the parties, they will manage and control the BVI subsidiary and its investment in Qujing City Fuel Gas Co., Limited. The purpose of this agreement is to facilitate the development and expansion of the business operated by Qujing Gas in accordance with the business plan, and to pursue gas distribution opportunities in other large and medium-sized cities in Yunnan Province, China.
Sino Gas International Holdings, Inc., through its indirectly wholly-owned subsidiary, Beijing Zhong Ran Wei Ye Gas Co., and the subsidiaries of Beijing Gas, is a leading developer of natural gas distribution systems in small and medium size cities in China. The company owns and operates natural gas distribution systems in Beijing, Hebei, Jilin, Jiangsu, Anhui and Yunnan Provinces of China.
