TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
Jan 21, 2019 10:04 JST
China Resources Power and Black Spade Capital sign a strategic joint venture cooperation agreement; teaming up to create an environmentally friendly world
With environmental protection in mind and capitalizing on the competitive edges of each side, the two companies join force to diversify new energy businesses and promote the green world, expanding into the new energy market in the Greater Bay Area
HONG KONG, Jan 21, 2019 - (ACN Newswire) - China Resources Power Holdings Company Limited ("CR Power"; stock code: 836.HK) and Black Spade Capital Limited ("Black Spade") held a joint venture cooperation agreement signing ceremony at the headquarter of CR Power, initiating the cooperative relationship based on the shared belief of serving the communities by the formation of China Resources Black Spade New Energy Limited ("CR Black Spade"). The new company, which will be jointly owned and funded by both sides, aspires to promote new energy development and to fulfil its social responsibilities as a good corporate citizen.
A signing ceremony between Black Spade Capital Limited and China Resources Power Holdings Company Limited on establishment of strategic joint venture cooperation agreement between both parties. Front row: Ms Wang Xiaobin, Executive Director and Chief Financial Officer and Company Secretary of China Resources Power Holdings Company Limited (Left) Dr Dennis Tam, President and CEO of Black Spade Capital Limited (Right)
CR Power and Black Spade pledge to commit their own resources, database and projects to the joint venture. Riding on the competitive advantages of both sides, CR Black Spade is determined to capture an abundance of business opportunities in the sector, which in turn enhances value and creates a win-win situation for both companies.
With the rapid development of new energy, CR Black Spade will primarily focus on the Greater Bay Area at present and target at a series of new energy businesses, including photovoltaics, waste recycling and the application of advanced technologies, through a close and seamless cooperation between the two partners. The joint venture aims at developing the Hong Kong and Macao market as its first step and strives to promote sustainability to both cities.
CR Black Spade will take an active role in identifying and investing in innovative projects with environmental protection, developing clean energy and low-carbon consumption as its core objectives. Despite of new challenges, the company will undertake the mission and responsibility of protecting the ecology and envisages to further advance the development of new energy to create a greener environment around the globe.
About CR Power
China Resources Power Holdings Company Limited ("CR Power") was founded in August 2001. As a Hong Kong listed flagship subsidiary of China Resources Holdings Company Limited, CR Power is one of the most efficient and most profitable integrated energy companies in China. Its businesses cover power generation primarily in thermal, wind, hydroelectric, and solar energy, as well as distributed energy and sales of electricity. CR Power has been listed on the Main Board of the Hong Kong Stock Exchange since November 2003 (stock number: 836.HK) and became a constituent stock of the Hang Seng Index in June 2009. As at the end of 2017, CR Power's total assets amounted to HK$220.972 billion (US$28.3 billion) with an attributable operational installed capacity of 36,077 MW covering 28 provinces, municipalities and autonomous regions in China.
About Black Spade Capital Limited
Black Spade Capital Limited is an established family office managing the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade's investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments.
Sectors: Daily Finance, Energy, Alternatives, Daily News
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Press Release
Toyota: Evolved Liquid Hydrogen-Powered GR Corolla to Participate in Super Taikyu Fuji 24 Hours Race
May 24, 2024 16:19 JST
Hitachi Energy's HVDC technology to power Marinus Link, a key step toward Australia's Net Zero ambitions
May 24, 2024 14:39 JST
Eisai Showcases Oncology Portfolio and Pipeline at ASCO 2024
May 23, 2024 18:07 JST
MHI Thermal Systems Receives JSRAE Technology Award for "e-3D Scroll" Compressor
May 23, 2024 16:01 JST
NEC X Invests in Agtech Startup Verdi, Integrates AI-Powered Platform with NEC's Cropscope Smart Farming Initiative
May 23, 2024 11:20 JST
'Fujitsu Technology and Service Vision 2024': Leveraging AI and leading-edge technologies to deliver greater value to the environment, economies and people's well-being
May 23, 2024 10:18 JST
Mitsubishi Heavy Industries and NGK to Jointly Develop Membrane Dehydration Systems for Bioethanol and e-Methanol
May 22, 2024 15:15 JST
Eisai: Metoject Subcutaneous Injection Pen (Methotrexate) Pen-Type Autoinjector Launched In Japan
May 22, 2024 12:55 JST
Mitsubishi Electric Building Solutions Launches the NEXIEZ-Fit Elevator
May 22, 2024 11:00 JST
Fujitsu and Mizuho leverage AI to track trends in humpback whale migration and promote sustainable tourism for Hachijo Island
May 21, 2024 11:51 JST
Hitachi High-Tech and Hitachi have started collaborating on digital transformation of materials development with ITRI, contributing to improvements of Taiwan's industrial standards
May 21, 2024 11:01 JST
MHI Receives Order for Additional 12 Units of the Outer Vertical Target for the Divertor Used in the ITER in Southern France
May 20, 2024 11:36 JST
Fujitsu chosen for GENIAC project, starts development of large language models for logical reasoning
May 17, 2024 14:03 JST
NEC Leverages RISE with SAP and AI to Build Business AI in Move to the Cloud
May 17, 2024 11:19 JST
Honda and IBM sign Memorandum of Understanding to Explore Long-term Joint Research and Development of Semiconductor Chip and Software Technologies for Future Software-Defined Vehicles
May 15, 2024 14:30 JST
Eisai Initiates Rolling Biologics License Application to US FDA for LEQEMBI (lecanemab-irmb) for Subcutaneous Maintenance Dosing for the Treatment of Early Alzheimer's Disease Under the Fast Track Status
May 15, 2024 11:19 JST
SMEIC Proposes to Acquire Shanghai Prime: A Catalyst for Developing a New Dual-Wheel Driver Pattern
May 14, 2024 21:54 JST
DENSO and Certhon Introduce Artemy, A Fully Automated Cherry Truss Tomato Harvesting Robot
May 14, 2024 11:02 JST
Supercomputer Fugaku retains first place worldwide in HPCG and Graph500 rankings
May 13, 2024 18:32 JST
Eisai's Antiepileptic Drug Fycompa Approved in China for Adjunctive Treatment of Primary Generalized Tonic-Clonic Seizures
May 13, 2024 17:06 JST
More Latest Release >>