CN Energy Group Inc. Announces Entry into Framework Agreement for Proposed Acquisition of Blessing Logistics Ltd.
CN Energy Group Inc. - Ordinary Shares (CNEY)
Company Research
Source: PR Newswire
LISHUI, China, Jan. 29, 2026 /PRNewswire/ -- CN Energy Group Inc. (NASDAQ: CNEY) ("CNEY" or the "Company") today announced that, on January 25, 2026, it entered into a framework agreement (the "Framework Agreement") with the shareholders of Blessing Logistics Ltd. ("Blessing Logistics"), an oil trading company incorporated in Alberta, Canada, regarding a potential acquisition transaction.Pursuant to the Framework Agreement, the parties have agreed to negotiate in good faith toward a definitive share purchase agreement to which CNEY would acquire approximately 82% of the equity interests in Blessing Logistics, representing equity with voting rights, in consideration for the issuance of the Company's Class A ordinary shares. The aggregate value of consideration is currently expected to be approximately US$2.0 million, based on assumptions to be agreed by the parties, and is subject to change based on, among other things, due diligence results, final valuation, market conditions, and the
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CNEY
Sec Filings
- 1/30/26 - Form 20-F
- 1/23/26 - Form 6-K
- 1/22/26 - Form 6-K
- CNEY's page on the SEC website