China Resources Gas Unit to Acquire CR Energy Service in RMB91.5 Million Connected Deal

The latest announcement is out from China Resources Gas Group ( (HK:1193) ).

China Resources Gas Group’s indirect wholly owned subsidiary CR Supercharge Technology has agreed to acquire 100% of CR Energy Service from fellow China Resources unit CR Financial Leasing for approximately RMB91.52 million. The transaction, classified as a connected transaction due to the shared controlling shareholder China Resources (Holdings), will be funded from internal cash resources and is based on an income-based valuation of CR Energy Service as a going concern.

Under the share transfer agreement signed on 8 April 2026, 80% of the consideration will be paid after key conditions are met, with the remaining 20% settled once final conditions, including the deregistration or exclusion of a relevant entity from the target group, are satisfied. As the deal size falls between 0.1% and 5% of the applicable percentage ratios under Hong Kong listing rules, it requires only an announcement and is exempt from circular, independent advice and independent shareholders’ approval, indicating limited immediate governance or dilution implications for minority investors.

The most recent analyst rating on (HK:1193) stock is a Hold with a HK$19.50 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 utility company focused on the distribution and sale of natural gas and related energy services in mainland China. The group operates city gas networks and associated energy infrastructure, serving residential, commercial and industrial customers across multiple regions.

Average Trading Volume: 3,254,327

Technical Sentiment Signal: Sell

Current Market Cap: HK$43.35B

See more data about 1193 stock on TipRanks’ Stock Analysis page.