LNG macro analysis, page-1772

I am thinking since IDG invested in the company, they are waiting for a trade agreement with China to proceed, and sign BTAs. 

Liquefied Natural Gas Ltd (LNGL) has announced 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 Ltd (IDG Energy Investment), an investment holding company listed on disallowed of Hong Kong and affiliated with IDG Capital.The share placement will be undertaken pursuant to the company’s capacity under ASX Listing Rule 7.1 and no shareholder approval is required.The share placement will raise gross proceeds of AUS$28.2 million before costs through the issuance of 56 444 500 ordinary shares at AUS$0.50 per ordinary share, representing a 14.1% premium to the volume weighted average price of LNGL shares on the ASX over the 30-trading day period ending 1 June 2018 of AUS$0.44. Following close of the share placement, IDG Energy Investment will hold a 9.9% interest in the company.