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Beijing Gas Blue Sky Holdings Faces Litigation Over Unsettled Acquisition Payment

Story Highlights
  • Beijing Gas Blue Sky Holdings is involved in a litigation case over unsettled acquisition payments.
  • The company is defending claims of joint liability for unpaid consideration and interest.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Beijing Gas Blue Sky Holdings Ltd ( (HK:6828) ) has shared an update.

Beijing Gas Blue Sky Holdings Limited has announced its involvement in a litigation case filed by Dalian PetroChina Xiuhe Energy Co., Ltd. The case pertains to an alleged failure by Shenzhen Xinliao Oil Technical Service Co., Ltd., a related party, to settle outstanding consideration for the acquisition of interests in Benxi Liaoyou New Era Gas Co., Ltd. The claimant seeks payment of the outstanding amount and lost interest, holding Beijing Gas Blue Sky Holdings and Guizhou Shunyao Energy Investment Co., Ltd. jointly liable. The company has engaged legal advisers to defend against the claims, emphasizing that Shenzhen Xinliao and Guizhou Shunyao are independent third parties.

More about Beijing Gas Blue Sky Holdings Ltd

Beijing Gas Blue Sky Holdings Limited is a company incorporated in Bermuda, primarily engaged in the energy sector. It focuses on the acquisition and operation of gas-related businesses, with a market focus on expanding its interests in various gas companies.

YTD Price Performance: 2.50%

Average Trading Volume: 22,920,912

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$954.9M

See more data about 6828 stock on TipRanks’ Stock Analysis page.

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