Kunlun Energy Company Limited commences an Equity Buyback Plan for 865,880,170 shares, representing 10% of its issued share capital, under the authorization approved on May 29, 2025.
Kunlun Energy Company Limited (SEHK:135) commences share repurchases on March 25, 2026, under the program mandated by the shareholders in the Annual General Meeting held on May 29, 2025. As per the mandate, the company is authorized to repurchase up to 865,880,170 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company.
The repurchases will be made out of the funds legally available for such purpose in accordance with its memorandum of association and Bye-laws and the applicable laws and regulations of Bermuda. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of May 29, 2025, the company had 8,658,801,708 shares in issue.
Kunlun Energy Company Ltd is an investment holding company mainly engaged in the natural Gas sales business. The Company operates its business through four segments. The Natural Gas Sales segment is mainly engaged in the retail sales, distribution and trading of natural gas products. The Sales of Liquefied Petroleum Gas (LPG) segment is mainly engaged in the wholesale and retail sales of LPG products. The Liquefied Natural Gas (LNG) Processing and Terminal segment is mainly engaged in the processing, unloading, storing, gasification and entrucking of LNG. The Exploration and Production segment is mainly engaged in the exploration, development, production and sales of crude oil and natural gas.
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Kunlun Energy Company Limited commences an Equity Buyback Plan for 865,880,170 shares, representing 10% of its issued share capital, under the authorization approved on May 29, 2025.
