Shengli Share Plans to Acquire Stakes in Nantong Oil and Ganhe China Oil from CCNG

Reuters

10/30

Shengli Share Plans to Acquire Stakes in Nantong Oil and Ganhe China Oil from CCNG

China City Natural Gas Investment Group Co., Ltd. (CCNG), which is jointly owned by China Oil and Gas Group Limited and Kunlun Energy Company Limited, has entered into a letter of intent with Shandong Shengli Co., Ltd. (Shengli Share) regarding a potential equity sale. Under the proposed terms, Shengli Share may acquire a 51% stake in Nantong Oil & Gas Co., Ltd. and a 40% stake in Qinghai China Oil Ganhe Industrial Park Gas Co., Ltd., both currently held by CCNG. Payment for the acquisitions is expected to be made through a combination of share issuance and cash. Negotiations are ongoing and no binding agreement has been reached, so the transactions may or may not proceed. The update was disclosed by Kunlun Energy Company Limited.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kunlun Energy Co. Ltd. published the original content used to generate this news brief on October 30, 2025, and is solely responsible for the information contained therein.

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(CCNG), which is jointly owned by China <a href=\"https://laohu8.com/S/ODVCI\">Oil and Gas</a> Group Limited and <a href=\"https://laohu8.com/S/00135\">Kunlun Energy</a> Company Limited, has entered into a letter of intent with <a href=\"https://laohu8.com/S/000407\">Shandong Shengli</a> Co., Ltd. (Shengli Share) regarding a potential equity sale. Under the proposed terms, Shengli Share may acquire a 51% stake in Nantong Oil &amp; Gas Co., Ltd. and a 40% stake in Qinghai China Oil Ganhe Industrial Park Gas Co., Ltd., both currently held by CCNG. Payment for the acquisitions is expected to be made through a combination of share issuance and cash. Negotiations are ongoing and no binding agreement has been reached, so the transactions may or may not proceed. The update was disclosed by Kunlun Energy Company Limited.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kunlun Energy Co. Ltd. published the original content used to generate this news brief on October 30, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"000407","symbol_name":"勝利股份","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251030:nNDL2yMg3D:1","article_id":"2579451561","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579451561","pubTimestamp":1761825530,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"China City Natural Gas Investment Group Co., Ltd. , which is jointly owned by China Oil and Gas Group Limited and Kunlun Energy Company Limited, has entered into a letter of intent with Shandong Shengli Co., Ltd.  regarding a potential equity sale. 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(CCNG), which is jointly owned by China Oil and Gas Group Limited and Kunlun Energy Company Limited, has entered into a letter of intent with Shandong Shengli Co., Ltd. (Shengli Share) regarding a potential equity sale. Under the proposed terms, Shengli Share may acquire a 51% stake in Nantong Oil & Gas Co., Ltd. and a 40% stake in Qinghai China Oil Ganhe Industrial Park Gas Co., Ltd., both currently held by CCNG. Payment for the acquisitions is expected to be made through a combination of share issuance and cash. Negotiations are ongoing and no binding agreement has been reached, so the transactions may or may not proceed. The update was disclosed by Kunlun Energy Company Limited.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kunlun Energy Co. Ltd. published the original content used to generate this news brief on October 30, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}