The Zhitong Finance App learned that China Energy Holdings (00228) is now up more than 5%. As of press release, it has risen 5.45% to HK$0.116, with a turnover of HK$1.635,700.

According to the news, New Natural Gas announced that it plans to acquire 100% of the shares of Bolong Co., Ltd. held by Wang Guoju through its wholly-owned overseas subsidiary Jiaying for HK$160 million (equivalent to RMB 150 million) in cash consideration. Since Bolong holds 10.20% of China Energy Development Holdings Co., Ltd., after the transaction is completed, the company will indirectly hold 10.20% of the issued shares of China Energy Holdings.

Furthermore, Zhongneng Holdings recently announced that since April 30, Zhao Guoqiang has resigned as executive director, chief executive officer and authorized representative because he wants to spend more time handling personal affairs; Liu Dong has been appointed as the company's executive director, CEO and authorized representative.