[ET Net News Agency, 19 January 2018] China LNG (00931) said it entered into a
cooperation agreement with CNOOC Gas and Power Group Co., Limited Trading & Marketing
Branch.
Both parties agreed to become a business partner of each other and jointly strive for
mutual benefits, success and development based on the three principles of win-win
cooperation, sincerity and mutual benefits, make full use of the synergic effects of the
whole industry chain of natural gas and jointly promote development of the clean energy
industry.
The two parties also agreed to, through the execution of a subscription agreement by
China LNG with Zhonghai Trust Co., Ltd., subscribe for trust products amounting to Rmb100
million as a deposit of the cooperation agreement to ensure that relevant obligations of
the cooperation agreement are to be performed. The main investment products are the bonds
issued by state-owned enterprises with credit ratings of 2A or above in primary and
secondary markets.
Trading in shares of China LNG will be resumed this morning. (HL)
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00931 CHINA HK POWER
Nominal 
0.450 +0.005 (+1.124%) Others
19/01/2018 08:58
China LNG (00931) in cooperation with CNOOC
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