China Dredging Environment Protection (HKG:0871) set up subsidiaries in Singapore and Kazakhstan to develop and expand its environmental protection and new energy digitalization activities, according to a Tuesday filing with the Hong Kong Exchange.
The company will use internal resources to fund the foray into the new businesses, the filing said.
China Dredging also signed a strategic cooperation with Shenzhen Zhongke Zhiqing New Energy Technology to help develop the oil well sector, the filing said.
Under the agreement, China Dredging will be in charge of service upgrades and maintenance support for low-efficiency shut-in wells in Kazakhstan with technical services coming from Shenzhen Zhongke, the filing said.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。