Shengli Oil & Gas Pipe Launches Tender for Nearly 30 Million Yuan Stake Sale

MT Newswires Live

Aug 27, 2025

Shengli Oil & Gas Pipe Holdings (HKG:1080) said it has begun a public tender process to sell its 98% stake in a subsidiary through the Southern United Assets and Equity Exchange, according to a Wednesday Hong Kong bourse filing.

The minimum bidding price is set at 29.5 million yuan, with the final consideration to depend on auction results.

If completed at the base price, the company expects to book a small disposal gain of about 14,000 yuan and a fair value loss of 14.3 million yuan in other comprehensive income.

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Gas Pipe Holdings (HKG:1080) said it has begun a public tender process to sell its 98% stake in a subsidiary through the Southern United Assets and Equity Exchange, according to a Wednesday Hong Kong bourse filing.</p><p>The minimum bidding price is set at 29.5 million yuan, with the final consideration to depend on auction results.</p><p>If completed at the base price, the company expects to book a small disposal gain of about 14,000 yuan and a fair value loss of 14.3 million yuan in other comprehensive income.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1202","symbol_name":"石油天然气设备与服务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2562760186","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2562760186","pubTimestamp":1756261258,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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