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KUNLUN ENERGY ( (HK:0135) ) has issued an announcement.
Kunlun Energy Company Limited announced the transfer of equity interests in Xinjiang Xinjie Petroleum Co., Ltd. to PetroChina Xinjiang, a subsidiary of its controlling shareholder PetroChina. This transaction, valued at RMB13,503,500, is part of Kunlun Energy’s strategy to focus on its core activities, aiming to improve market share and operational efficiency. The disposal is classified as a connected transaction under Hong Kong’s Listing Rules, subject to reporting and announcement requirements but exempt from circular and independent shareholders’ approval.
The most recent analyst rating on (HK:0135) stock is a Buy with a HK$8.00 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 primarily on the distribution and sales of urban gas. The company aims to enhance its market share and business efficiency by strategically allocating resources.
Average Trading Volume: 14,458,189
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$62.86B
For an in-depth examination of 0135 stock, go to TipRanks’ Overview page.