China International Development in Talks to Buy Majority Stake in Australia's CarbonTech

MT Newswires Live

2025/04/18

China International Development (HKG:0264) is in talks to acquire a majority stake in CarbonTech Asia Pacific from three vendors with a combined 70% shareholding in the target.

CarbonTech Asia Pacific provides novel clean technology and services to optimize automotive engine performance in Australia, according to a Thursday filing with the Hong Kong bourse.

The potential deal will allow Flex Fuel Eco, a 51% hydrogen cleaning joint venture of China International, to tap into the Australian market.

The parties are seeking to reach a formal agreement within the six-month exclusivity period of the memorandum of understanding.

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