Xianshi Bank acquires 51% of natural gas business, trading suspension continues
Hengshi Biao Hang (00444.HK) announced the acquisition of a 51% stake in Nantong Rongyu Energy Technology from an independent third party. The latter is engaged in natural gas and refined oil business, specializing in natural gas wholesale, vehicle refueling, and gas station construction, at a cost of 1 million RMB, which will be paid through the issuance of twelve-month promissory notes with an annual interest rate of 5%.
The company's shares will be suspended from trading starting July 2, 2025, and will remain suspended
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