Hong Kong, July 3, 2013 - (ACN Newswire) - KVB
Kunlun Financial Group Limited ("KVB
Kunlun" or the "Company" ; stock code: 8077), a financial investment services enterprise which specialises in serving the overseas Chinese and Japanese communities, has commenced dealing on the Growth Enterprise Market ("GEM") of The Stock Exchange of Hong Kong Limited ("HKSE") today.
Kunlun Energy, which is a unit of PetroChina (SHA:601857; HKG:0857), is selling the stock at a price of HKD13-HKD13.5 (USD1.67/EUR1.26-USD1.74/EUR1.3) apiece, which translates into maximum proceeds of HKD10.8bn.
The company, though a subsidiary, Xi'an Xilan Natural Gas Co Ltd (Xilan), will create a joint venture company with CNPC
Kunlun for processing and distribution of CNG throughout China.
Due to US pressures, Bank of
Kunlun earlier announced that it will not guarantee banking ties with Iran from November, according to sources.
of Marine Geology, Ocean University of China, have obtained high-resolution seismic reflection data from the West
Kunlun Range Front at the northwestern margin of the Tibetan Plateau that show that crustal structures there are dominated by nappes of upper crustal rocks.
The company said that of the total investment, 25% will be project capital which will be funded by Hueaneng Power International Inc, Petro China
Kunlun Gas Utilization Co Ltd, Jiangsu Guoxin Asset Management Group Company Limited and Nanjing Municipal Investment Company in the ratios of 51%, 21%, 21% and 7%, respectively.
China is the top buyer of Iranian oil and nearly all its oil payments go through
Kunlun Bank.
Bat Group announced that the Company, through its wholly owned subsidiary Beijing Tianxing
Kunlun Technology Co., Ltd., has entered into a strategic cooperation memorandum of understanding with Shuangtaizi Rural Credit Cooperative Union, a regional commercial bank based in Panjin City, Liaoning, to accelerate the Company's business expansion to new regions.
Morrison described it as a "reciprocal visit because Australian naval vessels have visited China." "They were returning after a counter drug trafficking operation in the Middle East." The vessels appeared to be the
Kunlun Shan, a Yuzhao class landing ship; the Luoma Lake replenishment ship and Xuchang, a modern frigate that is believed to be fitted with surface-to-air and anti-submarine missile systems.
These hopes received a jolt in October, when the Iranian business community was left scrambling after Bank of
Kunlun, the state-owned bank at the heart of China-Iran trade, suspended most financial transactions with Iran.
BANKING AND CREDIT NEWS-May 6, 2019-Qudian closes repurchase of all remaining shares held by
Kunlun
