HK Stock Market Move | CHINA HK POWER (00931) resumes trading with more than 41% gain, signing a strategic cooperation agreement with Al-Qimmah in oil and gas.

China HK Power (00931) resumed trading with a high opening, up more than 41% as of the time of writing, rising 41.77% to HK$0.56, with a turnover of HK$1.2309 million. On the news front, on April 21, China HK Power announced that the company had entered into a cooperation agreement with Al-Qimmah on April 19, 2026. According to the cooperation agreement, both parties will establish a long-term strategic partnership in capital cooperation and oil and gas trade to jointly promote the international energy business development of the company. Under the cooperation agreement, Al-Qimmah will provide high-quality oil and gas resources from diversified global suppliers to the company, which will be responsible for the international sales and market development of the related resources. Both parties plan to engage in investment cooperation in high-quality oil and gas assets worldwide. The proposed project reserves include a new liquefied natural gas (LNG) receiving terminal project located in China; an oil and gas production enhancement project (EOR) in Southeast Asia; and a large-scale liquefied natural gas infrastructure project in North America. Al-Qimmah will subscribe to the company's new shares. The board of directors believes that through cooperation with Al-Qimmah, both parties can establish a long-term and stable strategic layout in the global oil and gas field, covering upstream resource acquisition, midstream infrastructure investment, and downstream trade and market expansion, further enhancing the international development level of the group.