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China International Development Signs MOU for Potential JV; Expects to Raise HK$41 Million From Share Placement
CN Int Dev Corp (00264) and Farasis Energy Group have signed a memorandum of understanding on the possible establishment of a joint venture.
cn int dev corp (00264) announced that on November 4, 2024, the company entered into a strategic partnership with (legal...
China International Development Corporation (00264.HK) plans to establish a joint venture to carry out the business of hydrogen injection clean system for automotive engines in China.
Gelonghui November 4th | CN Int Dev Corp (00264.HK) announced that based on voluntary basis, it provided the latest business development situation to shareholders and potential investors. The board of directors happily announced that on November 4, 2024, the company and its strategic partner may establish a joint venture by signing a memorandum of understanding, focusing on the strategic business cooperation of automotive engine hydrogen injection clean systems. According to the memorandum of understanding, the company and its strategic partner intend to establish a joint venture ("joint venture"), with each holding 51% and 49% equity respectively in the joint venture. Through the establishment of the joint venture, the parties intend to collaborate on automotive.
Express News | China International Development Corp - Jv for Cooperation in Field of Hydrogen Injection Cleaning System for Motor Vehicle's Engine
Express News | China International Development Corporation - Entered Into Mou With Flex Fuel Hydrogen Development
Express News | China International Development - Memorandum of Understanding for Possible Formation of a Joint Venture
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