China Suntien Green Energy Renews Key LNG Agreements

The latest update is out from China Suntien Green Energy Corporation Limited Class H ( (HK:0956) ).

China Suntien Green Energy Corporation Limited has announced the renewal of several continuing connected transactions involving its subsidiary, New-energy Supply Chain, and connected entities Caofeidian Company and Hebei Gas. These transactions include a Terminal Usage Agreement, a Pipeline Transmission Services Contract, and a Natural Gas Services Agreement, which extend the provision and procurement of LNG services until 2028. The agreements are subject to reporting and annual review requirements under Hong Kong’s Listing Rules but are exempt from circular and independent shareholders’ approval due to the percentage ratios involved. This strategic move is likely to strengthen the company’s operational continuity and market positioning in the green energy sector, ensuring a stable supply chain and service provision in the LNG market.

The most recent analyst rating on (HK:0956) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on China Suntien Green Energy Corporation Limited Class H stock, see the HK:0956 Stock Forecast page.

More about China Suntien Green Energy Corporation Limited Class H

China Suntien Green Energy Corporation Limited is a joint stock limited company incorporated in China, focusing on the green energy sector. The company is involved in providing LNG terminal services, natural gas pipeline transmission, and related LNG services through its wholly-owned subsidiary, New-energy Supply Chain. It operates within a network of connected entities, including Caofeidian Company and Hebei Gas, under the control of its major shareholder, HECIC.

Average Trading Volume: 6,037,880

Technical Sentiment Signal: Buy

Current Market Cap: HK$27.88B

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