On March 31, Kunlun Energy, a non-wholly owned subsidiary of PetroChina conditionally sold and PipeChina conditionally purchased the 60% equity interest in Beijing Pipeline and the 75% equity interest in Dalian LNG.
The corresponding rights, obligations, responsibilities and risks of the Target Shares were transferred from Kunlun Energy to PipeChina at 24:00 on 31 March 2021.
PetroChina Company Limited is a joint stock company with limited liabilities incorporated on November 5, 1999, upon the restructuring of China National Petroleum Corporation (CNPC).
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