No Data
United Energy Unit to Buy 52% Stake in Energy Firm
Hong Kong Stock Concept Tracking | Trump's tariff policy may disrupt Global oil demand and supply, tanker freight rates may rise in the short term (with concept stocks attached).
If tariffs continue to be implemented, it is expected that the demand for tanker ton-miles will increase, while domestic refining capacity in the USA may decline.
United Energy Unit to Buy Oil and Gas Firm in Egypt; Shares Up 4%
UNITEDENERGY GP (00467.HK) plans to acquire all shares of AIEHI.
On February 7, Glonghui reported that UNITEDENERGY GP (00467.HK) announced that on February 7, 2025, the buyer United Energy (MENA) Limited (a wholly-owned subsidiary of the company) and the seller Apex International Energy L.P. along with the guarantor KEP (a wholly-owned subsidiary of the company) have signed the "Share Purchase Agreement". According to the Share Purchase Agreement, the buyer conditionally agrees to acquire, and the seller conditionally agrees to sell the target shares to the buyer. KEP has agreed to guarantee the buyer's payment related to the acquisition under the Share Purchase Agreement.
Express News | United Energy - Purchase Price for US$150.0 Mln
Express News | United Energy Group Ltd - Acquisition of Apex International Energy Holdings I
