H2G Green divests $4m GEIH stake for LNG expansion push

Proceeds will help scale GasHub’s midstream and last-mile logistics network.

H2G Green Limited has served written notice to RD Property Holdings Pte. Ltd. to divest its entire 50.1% stake in Green Energy Investment Holding Private Limited (GEIH) for approximately $4m.

The company said proceeds from the GEIH divestment will support the expansion of its liquefied natural gas (LNG) portfolio across Asia.

H2G is also scaling GasHubUnited Utility Private Limited’s midstream and last-mile logistics network.

Andrew Mak Yen-Chen, non-executive chairman and independent director of H2G, said the divestment would allow the company to concentrate on businesses with a clearer path to value creation.

“We continue to believe that LNG and sustainable Bio-LNG will play a critical role in Asia’s energy transition, given ongoing demand growth and energy security considerations,” Mak added.

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