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China Gas Holdings ( (HK:0384) ) has provided an update.
China Gas Holdings Limited has announced a connected transaction involving the sale and purchase of LNG with Beijing Gas Singapore. Under the agreement, China Gas International will purchase 3,400,000 MMBtu of LNG from Beijing Gas Singapore for a total of USD38,885,800. This transaction is classified as a connected transaction under the Listing Rules due to the ownership structure involving BEHL, which holds a significant stake in China Gas Holdings. The transaction is subject to reporting and announcement requirements but is exempt from circular and independent shareholders’ approval.
The most recent analyst rating on (HK:0384) stock is a Hold with a HK$7.30 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 operates in the energy sector, focusing on the distribution and sale of natural gas and related products. The company is involved in the liquefied natural gas (LNG) market, providing services and products to various stakeholders in the energy industry.
Average Trading Volume: 7,235,964
Technical Sentiment Signal: Buy
Current Market Cap: HK$43.53B
Learn more about 0384 stock on TipRanks’ Stock Analysis page.