Kunlun Energy (00135.HK) subsidiary plans to sell 51% stake in Tianjin Compression Company for RMB 1270.16 million.

Financial news from WiseFinance APP, Kunlun Energy (00135.HK) announced that on July 23, 2025, the company's wholly-owned subsidiary PetroChina Kunlun reached a purchase agreement with China National Petroleum Corporation. According to the agreement, PetroChina Kunlun agreed to sell and China National Petroleum Corporation agreed to purchase 51% of PetroChina Kunlun's equity in Tianjin Compression Company, at a price of 12.7016 million yuan. After the completion of the sale, Tianjin Compression Company will no longer be a subsidiary of the company.