China Gas Industry Investment (CGII) finalises connected loan assignments following full settlement by assignee

Bulletin Express06-17 19:26

China Gas Industry Investment Holdings Co. Ltd. announced the completion of its discloseable and connected transactions involving the assignment of loans after the assignee settled the full consideration on 17 June 2026.

The transaction concludes a process first disclosed on 15 April 2026, with further details provided on 4 June 2026 and in a circular issued on 8 May 2026. The loans in question were previously upheld in favour of CGII through a Final Judgment from Hong Kong’s High Court in July 2023.

On 12 June 2026, CGII and the assignee executed supplemental deeds of assignment that: 1. Confirmed the transfer of title under the Final Judgment to the assignee. 2. Extended the completion deadline to 17 June 2026.

All other terms in the original deeds of assignment remain unchanged.

With the assignee’s payment of the full consideration, the loan assignments are now officially completed. The company’s board currently comprises two executive directors (Chairman Song Changjiang and Sun Changhuan), two non-executive directors (Zhang Wenli and Ng Shuk Ming) and three independent non-executive directors (Siu Chi Hung, Xiao Huan Wei and Li Chun Elsy).

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