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(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