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M&A Deal Summary

Xinjiang Xintai Natural Gas Acquires AAG Energy Holdings

On July 20, 2023, Xinjiang Xintai Natural Gas acquired oil/gas exploration company AAG Energy Holdings for 3M HKD

Acquisition Highlights
  • This is Xinjiang Xintai Natural Gas’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Xinjiang Xintai Natural Gas’ 0th largest (disclosed) transaction.
  • This is Xinjiang Xintai Natural Gas’ 1st transaction in China.

M&A Deal Summary
Date 2023-07-20
Target AAG Energy Holdings
Sector Oil/Gas Exploration
Buyer(s) Xinjiang Xintai Natural Gas
Deal Type Add-on Acquisition
Deal Value 3M HKD

Target

AAG Energy Holdings

Hong Kong, China
AAG Energy Holdings is a coal bed methane (CBM) producer. Through long-term production sharing contracts, AAG has interests in two large blocks, Panzhuang and Mabi, and over the past several years, the company has successfully applied modern drilling techniques to dramatically improve production efficiency and recovery factors. AAG Energy Holdings was founded in 2015 and is based in Hong Kong, China.

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Buyer(S) 1

Buyer

Xinjiang Xintai Natural Gas

Urumqi, China
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Xinjiang Xintai Natural Gas engaged in urban natural gas transmission, distribution and sales, home installation and coalbed methane mining. Xinjiang Xintai Natural Gas is based in Urumqi, China.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2023 M&A 1 of 1
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