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China LNG Group ( (HK:0931) ) has shared an update.
China HK Power Smart Energy Group Limited, a company incorporated in the Cayman Islands, is involved in a connected transaction involving the issuance of new shares under a specific mandate. The company has entered into a Loan Capitalisation Agreement with Dr. Kan, the chairman and an executive director, to issue 717,948,718 Capitalisation Shares at HK$0.195 each, totaling HK$140,000,000. This transaction will increase Dr. Kan’s shareholding and is subject to approval by the Independent Shareholders at an Extraordinary General Meeting (EGM). An Independent Board Committee and Optima Capital Limited have been appointed to advise on the fairness of the transaction.
More about China LNG Group
YTD Price Performance: -41.89%
Average Trading Volume: 1,997,911
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.34B
Find detailed analytics on 0931 stock on TipRanks’ Stock Analysis page.