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00689 EPI (HOLDINGS)

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  • 0.021
  • 0.0000.00%
Market Closed Mar 28 16:08 CST
110.05MMarket Cap5.25P/E (TTM)

About EPI (HOLDINGS) Company

Changying Group (Holdings) Limited (“Changying” or the “Company”, together with its subsidiaries collectively the “Group”) is listed on the main board of the Hong Kong Stock Exchange (stock code: 00689). Changying mainly focuses on oil and gas exploration and production in the upstream oil and gas sector, and also has interests in the solar energy and debt lending business. From 2007 to 2021, the Group held interests in oil field projects located in the Cuyana Basin in Mendoza Province, Argentina. With years of experience in the petroleum industry and the support of an experienced professional management team, the Group entered into a conditional asset purchase agreement (“Asset Purchase Agreement”) for the acquisition of target petroleum assets located in the WindyLake district of Alberta, Canada in February 2022. The target assets include oil and gas rights, facilities and pipelines, and other properties and assets of more than 30 active wells. The Group will drill 49 new wells on land held by the target assets according to the four-year development plan formulated by the group. The asset purchase agreement was formally approved by shareholders at the Company's special shareholders' meeting held on March 29, 2022, and the transaction was completed on July 16, 2022. The acquisition of Petro-Canada assets is a valuable and attractive investment for the Group to continue to expand its petroleum business. Looking ahead, Changying will continue to seek strategic investment opportunities in the oil and solar energy business and strive to expand its revenue sources and asset size.

Company Profile

Symbol00689
Company NameEPI (HOLDINGS)
ISINBMG3155U1374
Listing Date04/15/1991
Issue Price1.03
Shares Offered160.00M share
RegistrationBermuda
SecretaryRuiyuan Chen
Audit InstitutionDahua Ma Shiyun Certified Public Accountants Co., Ltd.
Company CategoryOther
Registered OfficeClarendon House2 Church Street Hamilton HM 11 Bermuda
Head Office and Principal Place of BusinessRoom 1502-03, 15th floor, Eagle Center, 23 Harbour Road, Wanchai, Hong Kong
Fiscal Year Ends12-31
Employees22
MarketHong Kong motherboard
Phone(852)2616-3689
Fax(852)2481-2902
Emailenquiries@epiholdings.com
Business Changying Group (Holdings) Limited is a Hong Kong investment holding company mainly engaged in petroleum business. The company operates through two major divisions. The Petroleum Exploration and Production Division engages in the exploration, production and sale of petroleum. The division mainly operates in the Cuyana Basin in the province of Mendoza, Argentina. The Lending segment provides loan financing.

Company Executives

  • Name
  • Position
  • Salary
  • Jiale Su
  • Executive Director,Authorized Representative
  • --
  • Zhengang Yao
  • Executive Director
  • --
  • Ruiyuan Chen
  • Company Secretary,Executive Director,Authorized Representative
  • --
  • Zhiping Pan
  • Audit Committee Chairman,Independent Non-Executive Director,Nomination Committee Member,Remuneration Committee Chairman
  • --
  • Bixia Liang
  • Nomination Committee Chairman,Remuneration Committee Member,Independent Non-Executive Director,Audit Committee Member
  • --
  • Tianli Kuang
  • Remuneration Committee Member,Independent Non-Executive Director,Nomination Committee Member,Audit Committee Member
  • --
  • Jiaqi Bi
  • Finance Director
  • --

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