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Enric Energy Equipment Holdings Ltd is in advanced talks with two Chinese companies for acquisitions worth around 300 million yuan.

Enric, which produces gas equipment for clients including PetroChina and Sinopec, plans to buy a privately-owned heat-exchanger manufacturer in Northwest China's Gansu Province for about 100 million yuan, and also acquire a maker of large-scale pressure vessels for about 200 million.

(US$1 = 7.65 yuan)