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Binhai Investment Co ( (HK:2886) ) has issued an update.
Binhai Investment Co.’s wholly owned subsidiary, Binhai Investment (Tianjin), has agreed to participate in a pro rata capital increase of Sinopec LNG alongside Sinopec Natural Gas, a wholly owned unit of Sinopec Corp., maintaining its 2% stake while Sinopec Natural Gas retains 98%. The move will raise Sinopec LNG’s registered capital from RMB4.87 billion to RMB5.09 billion, with Binhai Investment (Tianjin) contributing RMB4.4 million from its own funds and Sinopec Natural Gas contributing RMB215.6 million, to support construction projects aimed at expanding Sinopec LNG’s operations; the deal is classified as a connected transaction under Hong Kong listing rules, triggering reporting and announcement requirements but exempting the company from shareholder approval, underscoring Binhai Investment’s continued strategic alignment with key LNG infrastructure growth without materially altering its ownership position.
The most recent analyst rating on (HK:2886) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Binhai Investment Co stock, see the HK:2886 Stock Forecast page.
More about Binhai Investment Co
Binhai Investment Co., incorporated in Bermuda and listed in Hong Kong, operates in the energy infrastructure sector and participates in natural gas-related investments through subsidiaries such as Binhai Investment (Tianjin). The group collaborates with major industry players including Sinopec Corp. to develop and expand liquefied natural gas (LNG) infrastructure and related projects in China.
Average Trading Volume: 125,320
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.52B
For detailed information about 2886 stock, go to TipRanks’ Stock Analysis page.