CONNECT WITH US:
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, Daily News
Copyright ©2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Mitsubishi Motors Launches Ralliart Special Editions in Thailand
Nov 30, 2021 17:37 JST
Eisai and FCNT Enter Into Business Alliance Aiming to Support People Living with Dementia and to Prevent Dementia
Nov 30, 2021 10:13 JST
Eisai to Present Latest Data on Perampanel and E2730 at the 75th American Epilepsy Society Annual Meeting
Nov 30, 2021 09:56 JST
Mazda Production and Sales Results for October 2021
Nov 29, 2021 16:58 JST
BOB Financial, NPCI and JCB partner to launch Bank of Baroda Credit Cards on RuPay platform
Nov 29, 2021 16:00 JST
Mazda Included in Dow Jones Sustainability Asia Pacific Index for Fifth Year Running
Nov 29, 2021 14:43 JST
Toyota Releases Sales, Production, and Export Results for October 2021
Nov 29, 2021 13:48 JST
European Commission Approves LENVIMA (lenvatinib) Plus KEYTRUDA (pembrolizumab) for Patients With Certain Types of Endometrial Carcinoma
Nov 29, 2021 12:44 JST
European Commission Approves LENVIMA (lenvatinib) Plus KEYTRUDA (pembrolizumab) as First-Line Treatment for Adult Patients With Advanced Renal Cell Carcinoma
Nov 29, 2021 10:15 JST
MHI Publishes Integrated Report 'MHI Report 2021'
Nov 26, 2021 18:30 JST
Tokyo Gas, MC to Explore Feasibility of International Synthetic Methane Supply Chain for Carbon Neutrality
Nov 26, 2021 15:01 JST
Honda Unveils the World Premiere of Advanced Future Safety Technologies toward the Realization of its Goal for Zero Traffic Collision Fatalities by 2050
Nov 26, 2021 11:48 JST
MHI is Awarded a Major Turbomachinery Order for Ust-Luga LNG Export Plant
Nov 25, 2021 18:09 JST
MHI Thermal Systems Receives '2021 Minister of the Environment Award for Climate Action' for 'Q-ton Circulation' Air-to-Water Heat Pump
Nov 25, 2021 17:04 JST
Hirono IGCC Plant Construction Project Completed in Fukushima; Operations Launched on November 19
Nov 24, 2021 16:00 JST
Smart-City Driverless-Vehicle Pilot Project to Enhance Mobility and Healthcare in Kamakura & Fujisawa Areas
Nov 24, 2021 12:27 JST
The CBR1000RR-R Fireblade SP 30th Anniversary and New ADV350 Headline Honda's 2021 EICMA Line-up
Nov 24, 2021 09:57 JST
Transgene and NEC Announce Positive Preliminary Data from Phase I Studies of TG4050, a Novel Individualized Neoantigen Cancer Vaccine
Nov 23, 2021 11:14 JST
NEC Listed on the Dow Jones Sustainability Indices (DJSI)
Nov 23, 2021 09:02 JST
JTOWER and DOCOMO Decide to Form a Capital and Business Alliance
Nov 22, 2021 18:13 JST
More Latest Release >>