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China International Development Corporation Limited ( (HK:0264) ) has issued an announcement.
China International Development Corporation Limited announced a strategic framework agreement through its subsidiary, Flex Fuel Hydrogen Development (Shenzhen) Company Limited, with CIMC GH2 Technology Ltd. This agreement involves the potential formation of a joint venture focused on hydrogen generation technology in China. The collaboration aims to test technology and trial production of anion exchange membrane electrolyzers, with the joint venture to be held 51% by the subsidiary and 49% by the strategic partner. This move could enhance the company’s positioning in the green hydrogen sector, leveraging the strategic partner’s expertise in green hydrogen technology and equipment manufacturing.
More about China International Development Corporation Limited
China International Development Corporation Limited is involved in the manufacturing and distribution of leather products, retail of fashion apparel, footwear and leather accessories, industrial hemp planting and production of hemp fabric products, and providing hydrogen injection cleaning services for engines in various vehicles and machinery.
Average Trading Volume: 3,563,368
Technical Sentiment Signal: Buy
Current Market Cap: HK$820.3M
For a thorough assessment of 0264 stock, go to TipRanks’ Stock Analysis page.