KUNLUN ENERGY (HK:0135) has released an update.
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KUNLUN ENERGY has announced the sale of its equity interests in three subsidiaries to PetroChina, aiming to streamline its focus on its core LPG and urban gas distribution and sales business. The disposals are part of connected transactions under the Listing Rules but do not require independent shareholder approval. This strategic move is expected to enhance KUNLUN ENERGY’s market share and business efficiency.
For further insights into HK:0135 stock, check out TipRanks’ Stock Analysis page.