Tianjin Tianbao Energy agrees to buy 40% stake in Lingang Thermal Power for RMB 106.52 million

PUBT·05/26/2026 12:16:56

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Tianjin Tianbao Energy agreed to buy a 40% stake in Lingang Thermal Power for RMB 106.52 million.
The seller is Tianjin Pilot Free Trade Zone Emerging Technology Industry Group, which bought the stake in December 2024 for about RMB 98.91 million.
Completion would lift Tianjin Tianbao Energy’s holding to 85% from 45%; PetroChina Kunlun would keep its 15% stake.
Payment is due within 10 business days of the agreement taking effect; funding planned from a long-term bank loan, supported by internal resources.
Lingang Thermal Power reported 2025 revenue of RMB 381.02 million, profit of RMB 5.91 million; net assets were RMB 261.4 million at year-end.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tianjin Tianbao Energy Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260526-12171436), on May 26, 2026, and is solely responsible for the information contained therein.

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