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JY Gas Ltd. ( (HK:1407) ) just unveiled an update.
JY Gas Ltd. has issued a supplemental announcement detailing the internal control and corporate governance measures governing its 2026 Natural Gas Sale and Purchase Agreement with connected party Shandong Shihua. The company outlines procedures for tracking and reviewing all PNG procurement records against terms offered by the only other independent gas supplier in Gaomi City, monthly monitoring of market prices, senior management approvals, and maintenance of full documentation. It has also formalised a connected transactions management policy to monitor aggregate transaction amounts against annual caps, with escalation to the board if limits may be exceeded, and will subject the transactions to annual review by both its external auditor and independent non-executive directors. These steps are aimed at ensuring the continuing connected transactions are conducted on normal commercial terms, remain fair and reasonable, comply with Hong Kong Listing Rules, and protect the interests of shareholders through transparent reporting and ongoing oversight.
The most recent analyst rating on (HK:1407) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on JY Gas Ltd. stock, see the HK:1407 Stock Forecast page.
More about JY Gas Ltd.
JY Gas Ltd. is a natural gas company listed in Hong Kong that procures and supplies piped natural gas (PNG), including in Gaomi City, leveraging multiple suppliers to support its downstream gas distribution business.
Average Trading Volume: 111,964
Technical Sentiment Signal: Buy
Current Market Cap: HK$255.6M
Learn more about 1407 stock on TipRanks’ Stock Analysis page.