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Beijing Gas Blue Sky Forms Joint Venture to Expand Energy Services

Story Highlights
  • Beijing Gas Blue Sky forms a joint venture with a registered capital of RMB80,000,000.
  • The venture aims to enhance market position by expanding energy services and capabilities.
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Beijing Gas Blue Sky Forms Joint Venture to Expand Energy Services

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The latest update is out from Beijing Gas Blue Sky Holdings Ltd ( (HK:6828) ).

Beijing Gas Blue Sky Holdings Ltd, through its subsidiary Beiran Energy, has entered into a joint venture with Beijing Xinao New Energy to form a new company with a registered capital of RMB80,000,000. The joint venture will focus on comprehensive energy services and the development of energy facilities, with Beiran Energy holding a 51% stake. This strategic move is expected to enhance Beijing Gas Blue Sky’s market position in the energy sector by expanding its service offerings and operational capabilities.

More about Beijing Gas Blue Sky Holdings Ltd

Beijing Gas Blue Sky Holdings Ltd operates in the energy sector, focusing on comprehensive energy services. Its primary services include project design, investment, construction, and operation of energy facilities, as well as energy conservation services. The company also invests in and operates comprehensive energy facilities such as power distribution, distributed photovoltaics, and various energy equipment.

Average Trading Volume: 18,780,178

Technical Sentiment Signal: Sell

Current Market Cap: HK$841.2M

For a thorough assessment of 6828 stock, go to TipRanks’ Stock Analysis page.

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