HK Stock Market Move | TIAN LUN GAS(01600) rose more than 5% in the afternoon, the company signed a loan agreement with the Asian Development Bank for 1.25 billion US dollars equivalent in Renminbi to support the upgrade of urban gas pipeline networks.

TIAN LUN GAS (01600) rose more than 5% in the afternoon, rising 5.67% to HK$2.61 as of the time of writing, with a trading volume of HK$4.8473 million. On the news front, on April 22, a subsidiary of TIAN LUN GAS Holdings Limited, Henan TIAN LUN GAS Group Limited, held a signing ceremony for a $125 million consortium loan with the Asian Development Bank in Hebi. TIAN LUN GAS received a $125 million loan from the ADB, which will be used for the upgrade and renovation of gas pipelines for 10 subsidiaries in 5 provinces under the company, as well as the construction of a safety information platform to minimize methane leaks, reduce greenhouse gas emissions, and ensure public safety. It is worth noting that TIAN LUN GAS recently released the "2024 TIAN LUN GAS ESG Report", systematically presenting hardcore practices in green development, social responsibility, governance optimization, etc. The company is committed to fulfilling its "dual carbon" promise, adhering to its development strategy of "rooted in Henan, heading towards the whole country", and striving to become an outstanding green low-carbon energy supply and service provider in China.