OREANDA-NEWS. March 25, 2011. China Resources Gas Holdings (1193.HK) intends to acquire Flemming China Limited for 353 million yuan, reports yicai.com, citing a company filing.

The transaction allows the company to acquire the construction of a gas pipeline and natural gas stations in Shandong and Zhejiang provinces.

As of the end of 2010, Flemming China generated 31.26 million yuan in profits after deducting taxes, noncurrent events and unaudited assets of 162 million yuan.