China Suntien Reports Subsidiary LNG Deal

China Suntien Green Energy Corporation Limited Class H (HK:0956) has released an update.

China Suntien Green Energy Corporation Limited announces a connected transaction where its subsidiary New-energy Supply Chain will supply approximately 17.24 million cubic meters of LNG to another subsidiary, Caofeidian Company, for RMB70.7 million. This deal, relevant to commissioning two storage tanks at the Tangshan LNG terminal, adheres to the Listing Rules, requiring reporting and announcement but not independent shareholder approval. The transaction is set for September 2024, with advanced payment and pricing aligned with market rates to ensure fairness.

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