Guan Chao (HKG:1872) unit BetaTech Investments entered into a non-legally binding memorandum of understanding to potentially acquire a 30% equity interest in AIMI Investments from Infinity Energy Solutions, a Thursday Hong Kong bourse filing said.

The preliminary assessment of the target stake is estimated to stand at a maximum of HK$200 million.

The parties will enter into a definitive agreement if further negotiations are successful, according to the vehicle importer.

AIMI Investments and its units engage mainly in supplying anion exchange membrane water electrolysis equipment for hydrogen production.