The company, which is incorporated in the Cayman Islands, revealed this in a stock exchange filing following an increase in its share price and trading volume of the shares.
China HK Power said that it has been in negotiations to acquire a “very significant LNG project since May 1, 2025, and has signed separately a confidential agreement with an LNG user company on September 12.”
Furthermore the company has also signed a confidential agreement on July 1, 2025 and subsequently a memorandum of understanding (MoU) on August 1, 2025 with “an international financial company for funding support of the aforementioned LNG project.”
“As at the date of this announcement, negotiations are still ongoing and the terms and conditions regarding the possible investment, the details are yet to be finalised, and no agreement has been reached in respect of the possible investment,” the company said.
The firm did not provide further details.
China LNG Group changed its name to China KH Power in 2023.
The investment holding company and its subsidiaries are principally engaged in the sales and distribution of natural gas in China, including wholesale of liquefied natural gas (LNG) and pipeline natural gas.
The company is engaged in point-to-point supply of LNG through industrial gasification stations, dewar bottle filling stations and automobile gas stations, the regional gas pipeline networks that provide pipeline natural gas for rural industrial, commercial, and civilian, and the distribution of LNG (logistic) services.
China HK Power reported a loss of approximately HK$121,888,000 ($15.6 million) during the year ended March 31, 2025.
China and Japan are the world’s largest importers of LNG.
Chinese LNG imports have been lower this year compared to 2024.
During January-September this year, China imported 47.44 million tonnes of LNG, a decrease of 16.7 percent compared to the same period last year.
