Value Convergence Secures 30% in Energy Trader

Value Convergence Holdings Limited (HK:0821) has released an update.

Value Convergence Holdings Limited has announced the acquisition of a 30% equity stake in a company specializing in the trading of energy resources like LNG and LPG, for a consideration of RMB 9,990 (approximately HK$10,700). This strategic move, which is classified as a discloseable transaction under Hong Kong Listing Rules, will result in the target company becoming an associate of the group, though its financials will not be consolidated into the group’s financial statements.

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