CRL purchases CRG.In late August, China Resources Logic Ltd. (CRL CRL - Carnegie Representation Language. Carnegie Group, Inc. Frame language derived from SRL. Written in Common LISP. Used in the product Knowledge Craft. ) announced that it will purchase all stock in China Resources Gas Ltd. (CRG), a wholly owed subsidiary of China Resources (Holdings) Ltd. (CRH CRH corticotropin-releasing hormone. CRH abbr. corticotropin-releasing hormone CRH corticotropin releasing hormone. ) for HKD3.8148 billion in cash. Before the purchase, CRH signed a non-competition contract with CRL to commit that it will not engage in gas business and even any business in China that may cause direct or indirect competition between CRH and CRL in the future. CRH pledged to buy 68.8% new stock in CRL for HKD2.66 billion. With the acquisition, CRL will be renamed China Resources Gas Group Ltd. to respond to the change of its business. CRH engages in distribution business of the liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. , the liquefied petroleum gas liquefied petroleum gas or LPG, mixture of gases, chiefly propane and butane, produced commercially from petroleum and stored under pressure to keep it in a liquid state. in 7 cities such as Chengdu of Sichuan province, Fuyang of Zhejiang province, Huaibei of Anhui province. |
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