Baofeng Energy: Plans to acquire a steam pipeline asset group for 450 million yuan

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Mars Finance reported on June 12 that Baofeng Energy (600989.SH) announced its plan to acquire the assets involved in the steam pipeline project of Ningxia Tianpuxin Technology Co., Ltd., for a transaction amount of RMB 450 million (including tax). This transaction constitutes a related-party transaction but does not constitute a major asset restructuring. The acquisition will help increase the company's external sales of surplus low-pressure steam and improve economic efficiency. (Company Announcement)

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