Baotou SASAC acquired phaeton energy and chemical industry?

No acquisition. Baotou State-owned Assets Supervision and Administration Commission (SASAC) is responsible for managing the market and has no right to buy companies, so Baotou SASAAC does not buy Phaeton Energy and Chemical. Baotou, also known as Jiuyuan and Lucheng, is located in the west of Inner Mongolia Autonomous Region, bordering Mongolia in the north, the Yellow River in the south and Tumochuan Plain and Hetao Plain in the east and west.