The IPO document of Sichuan Qiaoyuan Gas Co. Ltd has recently been approved by the relvant authority and the company will now be listed in the Growth Enterprise Board (equivalent to the Second Board), with a plan to raise RMB 290m ($46.7m).
The company was established in 2002, headquartered in Chengdu city, Sichuan province in southwestern China.
According to the document, the operating revenues of the company in 2014, 2015, and 2016 were RMB 313.7m ($50.5m), RMB 351.8m ($56.6m), and RMB 382.4m ($61.6m), respectively. The corresponding operating profits were RMB 42.7m ($6.9m), RMB 37.3m ($6m), and RMB 56.9m ($9.2m).
The company has four wholly- owned gas companies, with three located in the Chengdu area and one in Fuzhou city, Fujian province, in eastern China.
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