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KUNLUN ENERGY ( (HK:0135) ) has shared an update.
Kunlun Energy Company Limited announced a connected transaction involving the sale of a 51% equity interest in Tianjin Compression Co. to PetroChina for RMB12,701,600. This strategic move allows Kunlun Energy to better allocate resources towards its core activities in urban gas distribution and sales while maintaining a minority interest in Tianjin Compression Co. to continue participating in its LNG refueling business. The transaction, which is subject to certain reporting requirements under the Listing Rules, is expected to benefit the company and its shareholders by realizing the equity value of Tianjin Compression Co.
The most recent analyst rating on (HK:0135) stock is a Buy with a HK$8.80 price target. To see the full list of analyst forecasts on KUNLUN ENERGY stock, see the HK:0135 Stock Forecast page.
More about KUNLUN ENERGY
Kunlun Energy Company Limited operates in the energy sector, focusing on the distribution and sales of urban gas. The company is involved in the compressed natural gas (CNG) and liquefied natural gas (LNG) gas station operation business, aiming to enhance its market share and business efficiency.
Average Trading Volume: 14,715,881
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$68.4B
For an in-depth examination of 0135 stock, go to TipRanks’ Overview page.