CHINA CBM (08270) to Sell 100% Equity in Shanxi Qinshui Shuntai Energy for RMB24.61 Million

Stock News

Nov 24, 2025

CHINA CBM (08270) announced on November 24, 2025, that the company has agreed to sell 100% equity in the target company, Shanxi Qinshui Shuntai Energy Development Co., Ltd., to the buyer, Shanxi Shenggang Energy Co., Ltd., for a cash consideration of RMB24.61 million. The target company is a wholly foreign-owned enterprise registered under Chinese law and a direct wholly-owned subsidiary of CHINA CBM, primarily engaged in the production and sale of liquefied coalbed methane in China.

The board believes the disposal presents an opportunity for the group to realize its investment in the target company and focus resources on developing its hydrocarbon-to-natural gas technology (previously referred to as "ultra-high-temperature steam-catalyzed coal mineral accelerated metamorphic hydrocarbon generation technology" and formerly known as "ultra-high-temperature water-activated hydrocarbon-to-natural gas technology"), which has been under research since 2017.

As of the announcement date, the company has appointed the Hong Kong Productivity Council as a technical partner to further develop a commercial prototype of the technology. The disposal aligns with the group's strategy to allocate financial and human resources toward business development.

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