Read More

Zhonghua Gas Holdings Limited Announces Signing Strategic Cooperation Agreement with Jiangsu Shagang Group for Expanding Liquefied Natural Gas Filling Station and Pipeline Gas Supply Business

HONG KONG, Sep 15, 2021 - (ACN Newswire via SEAPRWire.com) - Zhonghua Gas Holdings Limited (the "Company"; stock code: 8246) and its subsidiaries (collectively referred to as the "Group") announced its wholly-owned subsidiary Tiancheng Jiuran (Shanghai) New Energy Co., Ltd. signs a strategic cooperation agreement with Zhangjiagang Hongchang Steel Plate Co., Ltd. , a wholly-owned subsidiary of Jiangsu Shagang Group Co., Ltd. ("Shagang Group"), to synergize resource advantages in two major areas: liquefied natural gas ("LNG") filling stations and pipeline gas supply to broaden the sales network of the Group.The Board of Directors believes that this move will enhance the Group's LNG refueling station business and the gas pipeline business as well as further expand its new energy business. Most importantly, it fosters strategic alliances with a fine enterprise for building a long-term mutual beneficiary cooperation to embrace potential opportunities ahead brought by new energy growth in future.Jiangsu Shagang Group Co., Ltd. is one of the world's well-known steel material manufacturers and comprehensive service providers. It is a key enterprise group in Jiangsu Province, a large nation...