TL NATURAL GAS (08536) announced that on September 12, 2024, the company's indirect wholly-owned subsidiary, Hong Kong Hesheng International Industry Co., Ltd., has entered into a strategic cooperation agreement with Guangzhou Baiyun Investment Development Co., Ltd. Based on this, the group should establish a comprehensive strategic partnership with Baiyun Investment.
The contracting parties will leverage the industrial advantages of Baiyun District to focus on international industrial investment promotion. By utilizing the resources of overseas Chinese and foreigners, the contracting parties aim to create an international industrial exchange platform, thus expanding global investment channels. The contracting parties also plan to jointly invest in the development of comprehensive energy service stations that integrate various energy supplies, including refueling, gas, hydrogen, and charging.
The Group is primarily engaged in the sales and transportation services of compressed natural gas and liquefied natural gas in China. The board of directors believes that entering into a strategic cooperation agreement will promote the expansion of the Group's business scope, enhance the Group's ability to withstand operational risks, and align with the Group's future development direction.
