China Gas Holdings Amends Joint Venture Agreement to Establish Hong Kong Subsidiary

China Gas Holdings ( (HK:0384) ) has provided an announcement.

China Gas Holdings Limited announced an amendment to its joint venture agreement, establishing the joint venture in Hong Kong instead of the PRC. The company will be a direct party to the joint venture, which will become a subsidiary and have its financial results consolidated into China Gas’s financial statements. The joint venture aims to establish or hold wholly owned subsidiaries to implement its intended businesses and investments. The principal terms of the joint venture, including capital commitments and management structure, remain largely unchanged. This strategic move is expected to enhance China Gas’s operational flexibility and market positioning.

The most recent analyst rating on (HK:0384) stock is a Sell with a HK$5.60 price target. To see the full list of analyst forecasts on China Gas Holdings stock, see the HK:0384 Stock Forecast page.

More about China Gas Holdings

China Gas Holdings Limited is one of China’s largest trans-regional integrated energy suppliers and service providers. The company specializes in the investment, construction, and operation of city and township gas pipelines, gas terminals, storage and transport facilities, and logistics systems. It delivers natural gas and liquefied petroleum gas (LPG) to residential, industrial, and commercial users and operates compressed natural gas (CNG) and liquefied natural gas (LNG) fueling stations. The company is also involved in developing and applying natural gas and LPG technologies, with a business portfolio that includes piped gas, LPG, LNG, integrated energy, gas equipment, kitchen appliances, and grid-based new retail.

Average Trading Volume: 9,855,337

Technical Sentiment Signal: Buy

Current Market Cap: HK$39.72B

See more data about 0384 stock on TipRanks’ Stock Analysis page.