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Chubu Electric Power Co Inc to Fully Acquire Cenergy Co.; to Transfer Business to Cenergy Co.

Tuesday, 30 Jul 2013 11:00pm EDT 

Chubu Electric Power announced that it will acquire 25,088 shares of its subsidiary Cenergy Co., which engaged in the liquefied natural gas sale business and on site energy service business and make Cenergy a wholly owned subsidiary of the Company. The acquisition is expected to be completed in late August 2013. After that, the Company will transfer its air conditioner entrust business to Cenergy, effective October 1, 2013. 

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