Baofeng Energy: intends to acquire Baofeng Yu Neng Steam Integrated Pipeline Project and related assets for 492 million yuan.

Jinshi Data News on November 27th, Baofeng Energy announced that the company plans to acquisition Ningxia Baofeng Yu Energy Technology Co., Ltd.'s steam comprehensive pipeline project and related assets, with a transaction amount of 492 million yuan (including tax). This transaction constitutes a related party transaction, but does not constitute a major asset restructuring.

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