Liquefied Natural Gas Limited (ASX:LNG), (OTCMKTS:LNGLY) is pleased to announce that it has entered into a binding subscription agreement for a Share Placement of fully paid ordinary shares in the capital of LNGL through an investment made by IDG Energy Investment Group Limited (HKG:0650), an investment holding company listed on the Stock Exchange of Hong Kong and affiliated with IDG Capital.
IDG Energy Investment Group Ltd
IDG Energy Investment (HKG:0650) is mainly engaged in global energy assets investment and management. It is currently focusing on the substantial investment opportunities arising from China's increasing demand for imported natural gas and the emerging North American LNG exporting market due to abundant low-cost shale gas supply. By investing in China's first non-state-owned LNG receiving terminal and one of the largest Canadian LNG export terminals under development, it has been making strategic investments along the LNG business value chain. Other energy assets invested by IDG Energy Investment include an upstream crude oil block in China, and a world class shale block in Eagle Ford of the United States.
IDG Energy Investment is affiliated with IDG Capital, a global leading private equity investment firm with its assets under management approximately US$20 billion. IDG Energy Investment's second largest shareholder, Foxconn, is the world's largest electronic products manufacturer and a Global Fortune 500 company ranking 27th in 2017.
With strong support from its shareholders, mature investment strategies, sophisticated cross-border transaction capabilities and in-depth knowledge on global energy market, IDG Energy Investment is best positioned to grasp the industry momentum brought by China's energy structural reform and the dynamic changes of the global natural gas market, and is committed to becoming the best cross-border energy asset investment manager of the region.
For further information, please refer to IDG Energy Investment's website: