According to the Smart Finance app, Unitedenergy gp (00467) fell nearly 9% during trading hours, down 7.14% to HKD 0.52, with a turnover of HKD 58.3282 million at press time.

On the news front, on the evening of June 18th, Orient Group revealed that more than 1.6 billion yuan of deposits were restricted in affiliated company, Orient Finance Company. Afterwards, Orient Group announced that the controlling shareholder and actual controller intend to support Orient Finance Company in resolving liquidity funding issues. It is reported that this asset disposal plan will involve the disposal of a portion of the equity of Unitedenergy gp limited held by Orient Limited, and the equity of UEP Wind Energy (Private) Limited and other assets.

It is reported that at the end of 2022, Orient Group announced that its holding subsidiary, Beijing Qinglonghu Jiahe Enterprise Management Co., Ltd., established an SPV company overseas to purchase 25% of the equity of Unitedenergy gp limited in cash. The transaction price was determined to be USD 723 million. Sun Mingtao, the chairman and CEO of Orient Group, also said in November last year that the acquisition of 25% equity of Unitedenergy gp limited was proceeding smoothly.