CHI ENGY HOLD (08009.HK) -0.015 (3.371%) announced that the company entered into a memorandum of understanding, pursuant to which it proposed to purchase the entire stake in Careall International Energy in Kazakhstan for US$19.8 million (adjustable subject to valuation).
Careall International Energy carries on the business of exploring, developing, producing and acquiring natural oil and gas properties in the Republic of Kazakhstan.
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