Xinya Process disclosed a major asset reorganisation proposing to acquire a controlling stake in Qiyuan Gas. The company plans to buy 15.86% of Qiyuan via share issuance plus cash and raise accompanying funds, and separately to acquire 51.27% via a cash-only deal; the two transactions are independent and not conditional on each other. Transaction prices are not yet determined. Qiyuan supplies commodity and specialty electronic gases, aligning with Xinya’s electronic materials exposure (lithium b

Xinya Process disclosed a major asset reorganisation proposing to acquire a controlling stake in Qiyuan Gas. The company plans to buy 15.86% of Qiyuan via share issuance plus cash and raise accompanying funds, and separately to acquire 51.27% via a cash-only deal; the two transactions are independent and not conditional on each other. Transaction prices are not yet determined. Qiyuan supplies commodity and specialty electronic gases, aligning with Xinya’s electronic materials exposure (lithium battery materials and adhesives). Completion would add an electronic gases business line and potential new revenue. Xinya Process shares will resume trading on Oct 22.