Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. has announced a proposed change in the use of proceeds from a recent transaction. The company plans to reallocate approximately HK$78.1 million (around RMB72.3 million) to support the investment and cooperation in hydrogen projects both within China and internationally. This strategic reallocation aims to enhance the company's global footprint by focusing on the development of hydrogen production plants, hydrogen refueling stations, and hydrogen liquefaction plants. The change follows a comprehensive assessment and aligns with the company's ongoing expansion in overseas cooperation and business layout. The Board of Jiangsu Guofu believes this adjustment will bolster the implementation and application of green hydrogen projects in targeted regions.
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.