AAG Energy Holdings Limited
AAGEF
Other OTC0.17
USD
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- -
Return %
Stock
S&P500
1Y
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19.01
3Y
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65.48
5Y
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72.20
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Zaiyuan Ming
- Full Time Employees
- 531
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Cosco Tower Central Hong Kong
- IPO Date
- Aug 30, 2018
- Website
- aagenergy.com
- Similar Companies
- Business
- AAG Energy Holdings Limited is an investment holding company engaged in the exploration, development, production, and sale of coalbed methane (CBM) in the People's Republic of China. Incorporated in 2014 and headquartered in Sheung Wan, Hong Kong, the company operates primarily through two production sharing contracts: the Panzhuang concession, spanning 141.8 square kilometers in the southern Qinshui Basin, and the Mabi concession, covering 898.2 square kilometers in Shanxi province; it also derives revenue from the Xinhe segment. A subsidiary of Liming Holding Limited, whose ultimate parent is Xinjiang Xintai Natural Gas Co., Ltd., AAG focuses on unconventional gas resources, supplying clean energy with infrastructure including central gas gathering stations, wellhead compressors, trunk lines, and power lines to support production capacities exceeding 5 MMCM per day. The company offers CBM extraction and sales from its concessions, targeting industrial and power sector customers in China; Panzhuang represents the most commercially advanced Sino-foreign cooperative CBM asset, while Mabi features high-output wells averaging 6,000-7,000 cubic meters daily, with peaks up to 15,000 cubic meters. Geographic operations concentrate in Shanxi province's Qinshui Basin, contributing to sales growth from CNY979 million in 2018 to CNY2.55 billion in 2022, driven by Panzhuang (CNY1.92 billion), Mabi (CNY472 million), and emerging Xinhe (CNY298 million) contributions. In a major development, Liming Holding completed the privatization of AAG in 2023 via a Cayman Islands scheme of arrangement valued at approximately HKD2.7 billion (USD345-347 million), acquiring the remaining 43.05% stake and delisting the company from the Hong Kong Stock Exchange to enhance control and resource allocation efficiency. This transaction, advised by firms including Harneys and JunHe, followed prior acquisitions and addressed multi-jurisdictional compliance for CBM assets holding China's largest proven geological reserves. Post-privatization, AAG continues advancing CBM development, optimizing long-range plans, and integrating ESG strategies amid China's dual-carbon goals.