CN Energy Group to Acquire Blessing Logistics, Strengthening Presence in North American Oil Market

CN Energy Group plans to acquire Blessing Logistics Ltd. for $2.0 million, with the purchase consideration to be satisfied through the issuance of Class A Ordinary Shares. The acquisition is expected to provide CN Energy with a fully operational North American entity and critical regulatory licenses, strengthening its operational capabilities and enhancing its participation in global crude oil trading and export activities. The transaction is expected to close on or before March 31, 2026, subject to customary closing conditions.