Guan Chao Unit Eyes 30% Stake in Hydrogen Production Equipment Supplier
MT Newswires Live
May 22
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.