Sino Gas Holdings Group Announces Disposal of Henan Blue Sky for RMB33.5 Million
Sino Gas Holdings Group Limited (Stock code: 1759) has announced a significant transaction involving the disposal of its indirect wholly-owned subsidiary, Henan Blue Sky Sino Gas Technology Company Limited (“Henan Blue Sky”). This move, disclosed after trading hours on 28 July 2026, is classified as a discloseable transaction under Hong Kong Listing Rules and may have an impact on the company’s share price due to its potential effect on the Group’s business portfolio and financials.
Key Points of the Transaction
- Vendor: Sino Gas Investment Group Limited (“HK Investment”), an indirect wholly-owned subsidiary of Sino Gas Holdings Group
- Purchaser: Zhumadian Chineng Energy Technology Co., Ltd. (“Zhumadian Chineng”), a newly established independent third party
- Guarantor: Ms. Zhao Hanqi, the 50% shareholder of Zhumadian Chineng
- Target Company: Henan Blue Sky (100% equity interest being sold)
- Consideration: RMB33,500,000 in total
- RMB4,727,198.79 to be paid in cash within five business days of signing the Equity Transaction Agreement
- RMB28,772,801.21 to be settled by Zhumadian Chineng and Ms. Zhao jointly assuming debt owed by HK Investment and/or its affiliates to Henan Blue Sky, pursuant to a Debt Novation Agreement
- Transaction Structure: Completion is subject to satisfaction of various conditions, including regulatory approvals and payment of consideration.
Important Details for Shareholders
- Financial Impact: The Group expects to record a loss of approximately RMB2,269,929.57 on this disposal, based on the unaudited net asset value of Henan Blue Sky as of 31 May 2026 (RMB35,769,929.57) versus the total consideration received (RMB33,500,000).
- Henan Blue Sky’s Recent Financials:
- Total assets as at 31 May 2026: RMB39,067,000 (unaudited)
- Net assets as at 31 May 2026: RMB35,770,000 (unaudited)
- Revenue for first 5 months of 2026: RMB8,484,000
- Consistent net losses over the last two years and five months: RMB(1,443,000) in 2024; RMB(1,015,000) in 2025; RMB(686,000) for 5 months 2026
- Use of Proceeds: The cash portion will be used for general corporate purposes, potentially improving liquidity.
- Completion and Termination Provisions:
- Should the conditions not be met by the “Long Stop Date” (90 days after signing), the agreement will automatically terminate and all cash received must be refunded without interest.
- If Zhumadian Chineng and/or Ms. Zhao delay payment, they are liable for liquidated damages at 0.1% per day on overdue amounts; after 20 days’ delay, Sino Gas can terminate the agreement and claim a fixed RMB2 million penalty.
Strategic Rationale for the Disposal
- Henan Blue Sky operates a CNG Mother Station, two CNG refuelling stations, and two petroleum stations in Zhumadian City, Henan Province. The Board cited operational inefficiencies due to distance from the Group’s management centre in Henan as a reason for the sale.
- The disposal is expected to improve overall management efficiency, optimize resource allocation, and enhance the Group’s cash flow. The Board believes the transaction will not adversely affect the Group’s business or financial performance, and terms are considered fair and reasonable.
Regulatory and Listing Rule Implications
- The transaction’s size triggers a “discloseable transaction” under Chapter 14 of the Hong Kong Listing Rules, meaning it requires public announcement and reporting, but not shareholder approval as the relevant percentage ratios are above 5% but below 25%.
Information on Involved Parties
- Sino Gas Holdings Group: An integrated LPG and natural gas supplier in China, with operations in Guangdong, Henan, and Hebei provinces.
- HK Investment: Incorporated in Hong Kong, wholly owned by Sino Gas Holdings Group.
- Zhumadian Chineng: Incorporated in June 2026, owned by Ms. Zhao Hanqi (50%), Ms. Zhao Jingrong (35%), and Mr. Qin Jianjun (15%). Engaged in gas operations, charging pile sales, and technology services.
- Henan Blue Sky: Established in 2007, operates CNG and petroleum refuelling stations in Zhumadian City.
Potential Share Price Sensitivity: This disposal represents a strategic reshaping of Sino Gas Holdings Group’s business portfolio and will result in a one-off loss, though it is expected to improve management efficiency and cash flow. Investors should note the potential impact on future earnings, as well as the company’s rationale for focusing on core, more efficiently managed assets.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with a professional advisor before making investment decisions. The information is based on the company’s announcement dated 28 July 2026 and may be subject to change.
【廣東話版】中油潔能控股宣佈出售子公司河南藍天 總價3,350萬元人民幣
中油潔能控股集團有限公司（股份代號：1759）於2026年7月28日收市後公佈，擬出售其間接全資附屬公司河南藍天中油潔能科技有限公司（「河南藍天」）全部股權，屬於香港上市規則下的「須予披露交易」，有可能影響公司股價，值得投資者密切關注。
交易重點
- 賣方：中油投資集團有限公司（「HK Investment」），為中油潔能控股間接全資附屬公司
- 買方：駐馬店市馳能能源科技有限公司（「駐馬店馳能」），2026年成立的獨立第三方
- 擔保人：趙晗祺女士，駐馬店馳能50%股東
- 目標公司：河南藍天（出售100%股權）
- 作價：總額人民幣3,350萬元
- 其中現金支付人民幣472.72萬元，於協議簽署後5個工作天內支付
- 剩餘人民幣2,877.28萬元由駐馬店馳能及趙女士共同承擔向河南藍天的債務（債權轉讓協議）
- 交易結構：須滿足多項先決條件，包括監管批准及作價支付，方可完成。
股東需注意的重要事項（或對股價有影響）
- 財務影響： 集團預計出售將錄得約人民幣226.99萬元虧損（以5月31日河南藍天未經審核資產淨值3,576.99萬元與作價比較）。
- 河南藍天近年財務數據：
- 截至2026年5月31日總資產：3,906.7萬元（未經審核）
- 截至2026年5月31日淨資產：3,577萬元（未經審核）
- 2026年前五個月收入：848.4萬元
- 2024及2025年及2026年首五個月，連續錄得虧損，分別為144.3萬元、101.5萬元、及68.6萬元
- 所得資金用途： 現金部分將用於一般企業用途，有助改善流動性。
- 協議完成及終止條款：
- 如於「最後截止日」（簽署後90日內）未達成條件，協議自動終止，賣方須全數退回已收現金（無息）。
- 如買方及擔保人延遲支付，須按逾期金額每日0.1%賠償；如逾期超過20個工作天，賣方可單方面終止協議並索取200萬元違約金。
交易策略及原因
- 河南藍天於駐馬店市經營CNG母站、加氣站及石油站。集團董事會稱由於該業務與河南管理中心距離較遠，出售可提升管理效率及優化資源分配，亦有助加強現金流，對集團業務及財務表現不構成不利影響，條款公平合理。
監管及上市規則披露
- 今次交易規模屬「須予披露交易」，達到5%以上但少於25%，需公告及申報，毋須股東大會批准。
涉及方資料
- 中油潔能控股： 中國一體化液化石油氣及天然氣供應商，業務遍及廣東、河南、河北。
- HK Investment： 註冊於香港，為中油潔能控股全資附屬公司。
- 駐馬店馳能： 2026年6月成立，股東包括趙晗祺（50%）、趙景榮（35%）、秦建軍（15%），經營燃氣、充電樁銷售及技術推廣。
- 河南藍天： 2007年成立，於駐馬店市經營CNG及石油加氣站。
股價敏感因素： 交易屬策略性重整，令集團錄得一次性虧損，但有助提升資源配置及現金流，專注核心高效業務。投資者需留意對未來盈利及公司發展的潛在影響。
免責聲明：本文僅供參考，不構成任何投資建議。投資者應自行研究或諮詢專業意見方可作出投資決定。資料來自公司2026年7月28日公告，如有更改以最新公告為準。
