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Blue River Holdings Limited ( (HK:0498) ) has provided an announcement.
Blue River Holdings Limited has signed a non-legally binding cooperation framework agreement with Wuhan Energy Reserve Operation Investment Company Limited, a state-owned enterprise in the PRC, to explore joint development of LNG storage facilities and inland distribution channels along the Yangtze River, as well as supporting infrastructure and coal trading activities. The collaboration aims to create a cooperation hub for energy logistics, strengthen both upstream and downstream segments of the partners’ supply chains, and pursue synergies in implementing initiatives such as the “Mobilization of Natural Gas from Sea to River,” with detailed project scopes, feasibility studies and a formal agreement to be negotiated within the next 12 months.
The most recent analyst rating on (HK:0498) stock is a Hold with a HK$0.17 price target. To see the full list of analyst forecasts on Blue River Holdings Limited stock, see the HK:0498 Stock Forecast page.
More about Blue River Holdings Limited
Blue River Holdings Limited is an investment holding company incorporated in Bermuda and listed on the Main Board of the Hong Kong Stock Exchange. Through its subsidiaries, the group is involved in infrastructure and related energy and resources projects, with a growing focus on liquefied natural gas (LNG) logistics, storage and associated supply chain operations in mainland China.
Average Trading Volume: 308,403
Technical Sentiment Signal: Hold
Current Market Cap: HK$179M
For an in-depth examination of 0498 stock, go to TipRanks’ Overview page.