China Gas Holdings Forms Biomass Energy Joint Venture

China Gas Holdings (HK:0384) has released an update.

China Gas Holdings has announced the formation of a joint venture with Smart Energy, Shining Innovation, and Dragon Media to invest in biomass energy projects. The joint venture, which will become a subsidiary of China Gas Holdings, will see Smart Energy hold a 60% share, while Shining Innovation and Dragon Media hold 30% and 10% respectively. This move aligns with the company’s strategy to expand its renewable energy portfolio.

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