(Infocast News) CHINA LNG (00931) announced that the board of directors of the company was informed by Kan Che Kin, Billy Albert, an executive director, the chairman of the board and the substantial shareholder of the company that on 4 October 2023, Kan has entered into agreements with 14 individuals to dispose of an aggregate of 74,616,000 shares with a par value of HK$0.02 each in the share capital of the company at favourable terms, representing approximately 1.3% of the total issued share capital of the company, by way of off-market trades at the prices from HK$0.39 to HK$0.43 resulting an average price of approximately HK$0.413 per share.
Immediately after the Disposal, Kan is interested in 3,685,531,079 Shares, representing approximately 64.17% of the total issued share capital of the Company. (WL)