Chenzhi's Shares Jump on Hydrogen Filling Stations Deal With US Air Products and Chemicals
Tang Shihua
DATE:  Nov 15 2019
/ SOURCE:  yicai
Chenzhi's Shares Jump on Hydrogen Filling Stations Deal With US Air Products and Chemicals Chenzhi's Shares Jump on Hydrogen Filling Stations Deal With US Air Products and Chemicals

(Yicai Global) Nov. 15 --  The share price of Chengzhi rose today after the clean energy platform  of Beijing's Tsinghua University said that it will partner with a  Chinese unit of Pennsylvania-headquartered Air Products and Chemicals to  build hydrogen refueling stations nearby Nanjing. 

Chengzhi's [SHE: 000990] share price climbed by 4.7 percent to CNY14.14 (USD2) in the afternoon. 

Chengzhi has penned an  agreement with a subsidiary of Air Products and Chemicals to set up a  joint venture with an investment of CNY60 million (USD8.5 million),  resulting in a 60 percent stake in the JV, the Jiangxi province-based  firm said in its filing to the Shenzhen Stock Exchange today. 

The total investment is expected to reach CNY200 million (USD28.5 million), it added.

Editor: Emmi Laine 

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Keywords:   Joint Venture,Hydrogen Refueling,Hydrogen Purification,Clean Energy,Air Products and Chemicals,United States,Chenzhi