AI Energy Engineering Signs RMB100 Million Gas Turbine Procurement Deal

Kingland Group Holdings Limited ( (HK:1751) ) has shared an announcement.

AI Energy Engineering Holdings Limited has entered into a procurement cooperation agreement under which its wholly owned unit Kingever Construction Company Limited has been appointed Greater China agent for gas turbine generator sets supplied by Lik Yue Investment (Hong Kong) Co Limited. The 30‑month agreement, running from March 2026 to September 2028, carries an estimated total procurement value of RMB100 million and is intended to support the group’s smart computing energy engineering projects.

Under the agreement, Kingever must make an unsecured, interest‑free prepayment of HK$12 million within 10 days of signing, to be offset against future purchase orders or refunded in full if no orders are placed within six months. Because this advance exceeds 8% of the group’s total assets as of 30 June 2025, the company has disclosed the transaction under Hong Kong listing rules, signaling a sizable commitment to gas‑powered generation equipment while emphasizing that the deal is on normal commercial terms with an independent third‑party supplier.

The most recent analyst rating on (HK:1751) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Kingland Group Holdings Limited stock, see the HK:1751 Stock Forecast page.

More about Kingland Group Holdings Limited

AI Energy Engineering Holdings Limited, formerly known as Kingland Group Holdings Limited, operates through its subsidiaries in the smart computing energy engineering sector. The group focuses on integrating energy solutions with advanced computing infrastructure, collaborating with equipment suppliers to support gas-powered generation for its projects in Greater China.

Average Trading Volume: 2,128,435

Technical Sentiment Signal: Buy

Current Market Cap: HK$592.2M

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