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China Gas Holdings ( (HK:0384) ) has provided an announcement.
China Gas Holdings’ subsidiary China Gas Hongda has signed an agreement with Beijing Gas Tianjin, an indirect wholly owned unit of major shareholder Beijing Enterprises Holdings (BEHL), to purchase 60,000 tonnes of liquefied natural gas between 1 April 2026 and 1 April 2027. The contracted volumes are spread across monthly deliveries, ramping up toward year-end and into early 2027, supporting stable gas supply for the group’s downstream operations.
Because Beijing Gas Tianjin is a connected person under Hong Kong listing rules, the LNG purchase constitutes a connected transaction and must be aggregated with similar 2025 supply agreements involving BEHL subsidiaries. On this aggregated basis, the deal’s size triggers reporting and announcement requirements but remains below the threshold for a circular and independent shareholder approval, signalling ongoing strategic cooperation with BEHL while keeping compliance obligations relatively light for investors and the company.
The most recent analyst rating on (HK:0384) stock is a Sell with a HK$5.70 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 a Bermuda-incorporated energy company listed in Hong Kong, focusing on the distribution and sale of natural gas across mainland China. Through subsidiaries such as China Gas Hongda, the group procures and supplies liquefied natural gas (LNG), serving downstream industrial, commercial and residential customers in regional city-gas markets.
Average Trading Volume: 9,791,087
Technical Sentiment Signal: Sell
Current Market Cap: HK$39.44B
Find detailed analytics on 0384 stock on TipRanks’ Stock Analysis page.