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This post was last edited by wcq1010 on 2016-11-7 at 19:46. On the morning of the 7th, Bishuiyuan announced that on November 5th, its wholly-owned subsidiary Bishuiyuan ** Environmental Protection Co., Ltd. (hereinafter referred to as “Bishuiyuan **”) signed a subscription agreement with Yingde Gas Group Co., Ltd. (hereinafter referred to as “Yingde Gas”, stock code: 02168). Under this agreement, Bishuiyuan ** purchased 378,000,000 shares issued in a private placement by Yingde Gas, using cash; the total purchase price amounted to HK$1,209,600,000. This is because Bishuiyuan has recently purchased 79,674,730 shares of Yingde Gas, accounting for 4.21% of Yingde Gas’ total share capital prior to the rights issue. Following this subscription, Bishuiyuan will hold 457,674,730 shares of Yingde Gas, accounting for 20.17% of the total share capital of Yingde Gas after this private offering, thereby becoming its largest shareholder. The company believes that by subscribing to Yingde Gas, it has successfully opened access to the international capital market, which will facilitate the expansion of its overseas business and help accumulate experience for carrying out overseas mergers and acquisitions. Yingde Gas is the largest independent industrial gas supplier in China, and by holding shares in leading companies in this industry, it has **strengthened its capabilities. At the same time, through this strategic investment, the company will enter the energy industry value chain. By addressing issues at the source of air pollution, it will be able to integrate resources in the field of energy conservation and environmental protection, leverage synergistic effects, and further expand its business in this sector, including air pollution control. Bishuiyuan’s investment in Yingde Gas will have a positive impact on the company’s profits in 2017