A Natural Gas Company Valuation - Involving Property, Equity Interest, Intangible Assets and Fixed Assets Valuation

We were instructed by a large scale multi-regional mixed energy service provider to provide valuation services for a gas company that was acquired.

 

The target company directly or indirectly held equity interest in more than 170 subsidiaries and associated companies, which mainly located in Liaoning Province, Shandong Province, Anhui Province and Hainan Province. The target company was principally engaged in gas project investment, natural gas operation under concession agreements, and natural gas station operation. Management believes that benefiting from the growing prevalence of the “coal-to-gas” policies and various concession agreements secured by government, the acquisition will expand the urban population coverage, increase the number of gas users and boost the natural gas sales, therefore generating new momentum of the continuing growth of the business.

 

Main information of the project is as follows:

  • Consideration: Amounted to about 1.35 billion yuan

  • Valuation Scope: equity interest valuation, intangible assets valuation, land and building, gas pipelines valuation involved, conducted by business and property valuation team

  • Valuation Method: income approach, market approach and cost approach