Kai Heng Long Global Energy Ltd acquired LAUGFS Gas (Bangladesh) Ltd from Laugfs Gas PLC (COSE:LGL.X0000) and Slogal Energy DMCC for $23.4 million on November 15, 2022. Under the terms, Laugfs Gas PLC sold 2,645,203 shares for $16.2 million and Slogal Energy DMCC sold 1,188,352 ordinary shares for $7.2 million.

Kai Heng Long Global Energy Ltd completed the acquisition of LAUGFS Gas (Bangladesh) Ltd from Laugfs Gas PLC (COSE:LGL.X0000) and Slogal Energy DMCC on November 15, 2022. AWR Lloyd Limited acted as financial advisor to Laugfs Holding Limited in the deal.