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China International Development Corporation Limited ( (HK:0264) ) has shared an announcement.
China International Development Corporation Limited has established a joint venture, Flex Fuel Eco Company Limited, with Flex Fuel Hydrogen Development Group. This venture has led to a strategic collaboration with MCC Tiangong Group Corporation to promote hydrogen injection cleaning systems in China. Over 60 hydrogen decarbonizing and cleaning stations have been installed in more than 20 locations, generating a steady revenue stream. The company anticipates further business opportunities in hydrogen cleaning systems, aiming to enhance shareholder returns.
More about China International Development Corporation Limited
China International Development Corporation Limited operates in the hydrogen technology industry, focusing on hydrogen injection cleaning systems for engines in various vehicles and machinery. The company collaborates with strategic partners to expand its market presence in China.
YTD Price Performance: 80.13%
Average Trading Volume: 1,966,592
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$1.21B
For detailed information about 0264 stock, go to TipRanks’ Stock Analysis page.