Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
China Resources Gas Group ( (HK:1193) ) just unveiled an announcement.
China Resources Gas Group has renewed a framework agreement under which its indirect wholly owned subsidiary, CR Gas Chenzhou, will continue to invest in, construct and operate an energy station and supply cooling, heating, steam and part of the electricity needs of CR Sanjiu Chenzhou’s Southern China production manufacturing centre from 1 January 2026 to 31 December 2028. Because CR Sanjiu Chenzhou is a connected person through the groups’ shared controlling shareholder, the transactions are classified as continuing connected transactions, but the very small deal size keeps all applicable percentage ratios below 0.1%, meaning the arrangement is fully exempt from reporting, announcement, annual review and independent shareholders’ approval requirements under Hong Kong’s Listing Rules; the company nonetheless disclosed the renewal to maintain continuity with previous communications and align with parallel announcements by related group companies.
The most recent analyst rating on (HK:1193) stock is a Buy with a HK$27.00 price target. To see the full list of analyst forecasts on China Resources Gas Group stock, see the HK:1193 Stock Forecast page.
More about China Resources Gas Group
China Resources Gas Group is a Hong Kong–listed gas utility company engaged in the investment, construction and operation of gas and related energy infrastructure in mainland China, supplying natural gas and other energy services to industrial, commercial and residential customers across various regions.
Average Trading Volume: 5,469,058
Technical Sentiment Signal: Buy
Current Market Cap: HK$50.72B
For a thorough assessment of 1193 stock, go to TipRanks’ Stock Analysis page.