IDG Energy Investment Group Limited, an upstream oil and gas company, engages in the exploration, development, production, and sale of crude oil in the People’s Republic of China. It is also involved in technology development and consulting activities. The company was incorporated in 1992 and is based in Central, Hong Kong. The company was formerly known as Shun Cheong Holdings Limited and changed its name to IDG Energy Investment Group Limited in January 2017.
IDG Energy Investment Group Limited is a subsidiary of Titan Gas Technology Investment Limited.
www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=878519
IDG Energy Investment is mainly engaged in global energy assets investment and management. The Company 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, the Company 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, etc.
IDG Energy Investment is affiliated with IDG Capital, a global leading private equity investment firm with its assets under management approximately US$ 20 billion. The Company'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 supports 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:
http://www.irasia.com/listco/hk/idgenergy/
