China LNG sells gas seller's stake to Sinopec

Finance | 13 Jul 2021 2:31 pm

China LNG (0931) announced it will sell 50 percent equity of Shijiazhuang Sheng Ran Gas Trading to Sinopec (0386) for 23 million yuan (HK$27.52 million).

Shijiazhuang Sheng Ran Gas Trading is involved in LNG logistic services and sales of LNG in the mainland. On completion, it is estimated that China LNG will record a loss of about HK$2.90 million.



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