China HK Power rises to 4-1/2-month high after tie-up with Al-Qimmah Energy

China HK Power Smart Energy

21/04/2026 02:56

** Shares of China HK Power Smart Energy Group 0931.HK rise 51.9% to HK$0.6, their highest level since December 8

** Stock posts its biggest intraday pct gain since December 3

** The natural gas distributor says it has entered into a petroleum and LNG cooperation agreement and strategic investment  cooperation agreement with Al-Qimmah Energy FZCO to jointly develop international energy business

** Al-Qimmah Energy is a company incorporated under the laws of the Dubai Multi Commodities Centre and is wholly owned and controlled by His Royal Highness Prince Fahad bin Abdulrahman bin Abdulaziz Al Saud, who is also the chairman of the firm

** YTD, stock up 6.3%, benchmark Hang Seng Index .HSI up 3.2%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))