[ET Net News Agency, 8 June 2021] China Tian Lun Gas Holdings Limited (01600) said it
has been informed by Zhang Yingcen, a controlling shareholder of the company that on 7
June 2021, he has entered into a conditional sale and purchase agreement with an
independent third party, Zhuhai Port Co., Ltd. (Shenzhen stock code: 000507)
Pursuant to the deal, he will procure Tian Lun Group Limited, and/or Kind Edge Limited
(both are companies controlled by Zhang) to sell 120 million shares of China Tian Lun Gas,
representing 11.96% of the shares in issue, at HK$7.68 per share. The completion of the
disposal will take place on 30 June 2021, and could be extended to a date no later than 31
July 2021.
Immediately following the completion of the deal and increase in shareholding by Zhang
announced on 15 May 2021, Zhuhai Port will become a substantial shareholder of China Tian
Lun Gas. Zhang's stake will increase to 55.96% from 53.87% prior to the completion of the
deal. Tian Lun Group, Gold Shine, Chequers Development Limited, Kind Edge Limited, Zhang
and his wife Sun Yanxi will remain as a group of controlling shareholders of China Tian
Lun Gas. (KL)