Shanxi Natural Gas Industry Group Co., Ltd. entered into an agreement to acquire 40% stake in Shanxi Guoxing Coal Seam Gas Transmission Limited Company from Top Energy Company Ltd. Shanxi (SHSE:600780) for CNY 35.8 million on October 27, 2016. Shanxi Guoxing Coal Seam Gas Transmission reported total assets of CNY 377.75 million, total liabilities of CNY 273.25 million, net assets of CNY 104.5 million, revenue of CNY 330.3 million, and net loss of CNY 10.3 million for the year ending December 31, 2015. The transaction was approved by the Board of Directors of Top Energy Company. Shanxi Natural Gas Industry Group Co., Ltd. completed the acquisition of 40% stake in Shanxi Guoxing Coal Seam Gas Transmission Limited Company from Top Energy Company Ltd. Shanxi (SHSE:600780) on January 16, 2017.