Brief: GCL New Energy Established Hydrogen Energy Business Unit

Dynasty Digital Holdings

28/07/2021 16:06

July 28 (Reuters) - GCL New Energy Holdings Ltd  0451.HK :
    * ESTABLISHED HYDROGEN ENERGY BUSINESS UNIT TO ACTIVELY
CONDUCT
RESEARCH AND DEVELOPMENT OF HYDROGEN ENERGY AND RELATED
BUSINESSES
    * ENTERED INTO A NON-LEGALLY BINDING MOU WITH POLY-GCL
PETROLEUM
GROUP
    * ENTERED INTO STRATEGIC COOPERATION AGREEMENT WITH JIC
CAPITAL
MANAGEMENT (TIANJIN)
    * MOU TO  CAPITALIZE ON OVERSEAS NATURAL GAS RESOURCES,
WHICH CAN
BE PROCESSED INTO LIQUID AMMONIA AND  SHIPPED TO PRC
    * SAYS  ENTERED INTO A STRATEGIC COOPERATION MEMORANDUM WITH
CCB
INTERNATIONAL ASSET MANAGEMENT
    * DEAL WITH JIC CAPITAL FOR ESTABLISHMENT OF HYDROGEN ENERGY
INDUSTRIAL INVESTMENT FUND WITH RMB10 BILLION FOR HYDROGEN
ENERGY BUSINESS
    * CCBI MEMORANDUM FOR ESTABLISHMENT OF ENERGY INDUSTRIAL
INVESTMENT FUND WITH INTENDED TOTAL FUND SIZE OF NOT MORE THAN
$800 MILLION

Source text for Eikon:  ID:nHKS70BpJt 
Further company coverage:  0451.HK 

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