" />
English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 17 November 2017, 19:27 HKT/SGT
Share:
    

Source: Northern New Energy Holdings Limited
Northern New Energy Signs Memorandum of Understanding
Intends to Acquire Company Engaged in Developing and Operating LNG Stations and Related Facilities in Tianjin

HONG KONG, Nov 17, 2017 - (ACN Newswire) - Northern New Energy Holdings Limited ("Northern New Energy" / the "Group", stock code: 8246) announced that its non-wholly owned subsidiary entered into a memorandum of understanding today in relation to the possible acquisition of a company engaged in developing and operating liquefied natural gas ("LNG") stations and related facilities in Tianjin (the "Target Company").

The Target Company holds two LNG stations in Beichen District, Tianjin, both in prime geographic locations and at the junction of many trunk roads. One of them is the largest LNG storage tank in Tianjin, located next to the North Outer Ring Line, Beichen District. The other is located in the Beichen Industrial Park, which is the only industrial park with facilities dedicated to the pharmaceutical and medical industry in Tianjin and is home to a number of leading state-owned enterprises.

By bringing in LNG stations in prime geographic locations while complying with increasingly strict environmental requirements, the Group hopes to grasp opportunities arising from strong local demand for clean new energy. It will rapidly expand its scope of operations to cover comprehensive energy production services, which will result in the development of an integrated new energy enterprise with diversified businesses.

With the PRC vigorously developing green energy projects, it is believed that the relevant state policies will further unleash the development potential of the new energy industry and will present more opportunities to Northern New Energy. In the long run, the Group will expand the presence of its new energy business to the nearby areas in the north and will continue to explore suitable acquisition opportunities and team with partners possessing strong capabilities in a bid to broaden income sources and generate more satisfactory returns to shareholders.

More detailed information about the signing of the formal agreement will be announced at an appropriate time.

Northern New Energy Holdings Limited
Northern New Energy Holdings Limited formerly known as Noble House (China) Holdings Limited, is a company listed on the GEM Board of the Hong Kong Stock Exchange since 2011 (stock code: 8246). In 2015, the Group began to develop new energy operations and R&D of related technologies, plus construction engineering business. The Group also operates restaurants, provides management services, and sells processed food and seafood. Also in 2015, the Group further diversified its business to cover also property investment.

Media enquiries
Strategic Financial Relations Limited
Keris Leung +852 2864 4863 keris.leung@sprg.com.hk
Fanny Yuen +852 2864 4853 fanny.yuen@sprg.com.hk




Topic: Press release summary
Source: Northern New Energy Holdings Limited

Sectors: Daily Finance, Energy, Alternatives, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Northern New Energy Holdings Limited Related News
Aug 11, 2018 15:23 HKT/SGT
北方新能源控股有限公司宣布中期业绩
Aug 11, 2018 15:22 HKT/SGT
北方新能源控股有限公司宣布中期業績
Aug 11, 2018 15:20 HKT/SGT
Northern New Energy Holdings Limited Announces Interim Results
July 17, 2018 14:11 HKT/SGT
北方新能源控股有限公司拟更名为「中华燃气控股有限公司」
July 17, 2018 14:10 HKT/SGT
北方新能源控股有限公司擬更名為「中華燃氣控股有限公司」
More news >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575