ASIA ENERGY LOG (00351.HK): redeems fund stake for USD 1.172 million
On 14 October 2026, ASIA ENERGY LOG (00351.HK) unit redeemed its stake in the Value Star fund for USD 1,172,000 (HKD 9,118,000), a disclosable transaction.
Key Highlights:
- The redemption constitutes a disclosable transaction under Chapter 14 of the Listing Rules, and the proceeds will be used as general working capital.
NewTimeSpace News: On 14 October 2026, Asia Energy Logistics Group Limited (stock code: 00351.HK) announced that its indirect wholly-owned subsidiary Tim Fu Limited redeemed all its interest in the Value Star Non-US Feeder Fund (the Fund) for about USD 1,172,000 (about HKD 9,118,000), after which the Group holds no interest in the Fund.
The highest applicable percentage ratio exceeds 5% but is below 25%, making it a disclosable transaction under Chapter 14 of the Listing Rules. The proceeds will be used as general working capital and for future investments.
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