The company issued 100mn A shares, with total equity of 510mn shares after the issuance. Of which, 80mn shares priced online will be traded by 13th Aug 2008. The biggest shareholder and actual controller, ShaanXi Provincial Investment Group holds 62.2% of the total.
The company has been engaged in long gas pipeline construction and operation. It purchases natural gas from upstream developers before transports gas through the self-constructed long pipeline to provincial major cities and large direct consumers; meantime, the company sells natural gas and profits. ShaanXi Provincial Natural Gas is the only long gas pipeline supplier in ShaanXi province; it takes charge of layout, construction and operation of the long gas pipeline network, covering northern ShaanXi and 8 urban cities in Guanzhong.