Enric Energy Equipment Holdings Limited (Enric) is expanding its transportation, storage and equipment business through acquisitions in China and Europe, totalling US$1.1 billion.

First transaction of its kind within the transportation, storage and processing equipment manufacturing industry.

The acquisitions involves legal and regulatory issues, including a reverse takeover, a very substantial acquisition and connected transaction for Enric under the Hong Kong Listing Rules, as well as requiring a whitewash waiver application under the Hong Kong Takeovers Code. It also involves a new listing application under the Hong Kong Listing Rules to maintain the listed company status of Enric. Enric has publicly announced the transaction, and is now working on the new listing application.