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China Gas Holdings Secures Shareholder Approval for Key Resolutions
CHINA GAS HOLD: 2024/25 Interim Report
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China Gas plans to establish a joint venture with Liangchuang and DragonMedia.
China Gas Holdings (00384) announced on December 6, 2024, that Wise Energy (a wholly-owned subsidiary of the company), Bright Innovations, and DragonMedia have entered into a joint venture agreement to establish a joint venture company for investment, development, and operation of biomass energy-related projects. The joint venture company will become a subsidiary of the company after its establishment, and its financial performance will also be consolidated into the group's financial statements. Wise Energy, Bright Innovations, and DragonMedia will contribute 0.3 billion yuan, 0.15 billion yuan, and 50 million yuan respectively. The establishment of the joint venture company is a strategic initiative for the group. The joint venture company will focus on biomass energy and
China Gas Hold (00384.HK) plans to establish a joint venture to invest in, develop, and operate biomass energy related projects.
On December 6th, Gelonghui reports that china gas hold (00384.HK) announced that on December 6, 2024, Smart Energy (a wholly-owned subsidiary of the company), Liangchuang, and Dragon Media signed a joint venture agreement, establishing a joint venture to invest, develop, and operate biomass energy-related projects. After its establishment, the joint venture will become a subsidiary of the company, and its financial performance will also be consolidated into the group's financial statements. The group is one of the largest cross-regional integrated energy supply and service enterprises in china, mainly engaged in the investment, construction, and operation of urban gas pipeline infrastructure, gas terminals, and storage and transportation facilities.
Getting In Cheap On China Gas Holdings Limited (HKG:384) Might Be Difficult
