Chinese investment holding signed framework deal with BVI company

An investment holding company China Print Power Group Limited announced that its wholly-owned subsidiary signed a framework agreement for possible investment in a British Virgin Islands-incorporated firm, which holds about 79 per cent of Benxi Liaoyou Xinshidai Ranqi Company. This is a China-based natural gas company, engaged in building pipe lines, natural gas stations and supply hubs in Benxi City in Liaoning Province.

China Print Power stated that the deal could be a good chance to expand into China’s natural gas business. However, it remains focused on developing its existing businesses in printing and the sales of paper and leather products.

China Print Power can now do due diligence and negotiate the deal with the seller.

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