China Oil Gangran Energy Group Holdings Ltd
China Oil Gangran Dedicates to Promote Clean Energy Business under ‘New Strategy, New Concept, New Energy and New Development’
For immediate release 2 July 2015 China Oil Gangran Dedicates to Promote Clean Energy Business under (2 July 2015 – Hong Kong) China Oil Gangran Energy Group Holdings Limited (“China Oil Gangran” or the “Group”, stock code: 08132) has been developing clean energy business in recent years. The Group recently announced that it established a foothold into refined oil sales business by obtaining Refined Oil Retail Licence(成品油零售經營批准證書)from the Business Bureau of Jiangxi Province of the PRC and entering into an agreement with Jiangxi Jiujiang Sales Branch Company of PetroChina Company Limited(中國石油天然氣股份有限公司江西九江銷售分公司)in relation to the leasing of six bunker barges. With excellent strategic planning and profound resources and experienced operation teams of clean energy business partners, the Group has developed to be a liquefied natural gas (LNG) energy group with advanced technology and consummate industrial chain. The Group organized a banquet event followed the theme of “New Strategy, New Concept, New Energy and New Development”, which shared the latest development as well as announcing that the Group will proactively capture the opportunities arising from the application of natural gas by the government and press on with the development of its clean energy business. Latest Development of China Oil Gangran In addition, Jilin China Oil Gangran Energy Development Company Limited (吉林中油港燃能源發展有限責任公司), a wholly-owned subsidiary of the Group, is the first wholly foreign-owned enterprise in Jilin. The company has collaborative businesses with Jilin Oilfield Management Bureau related to power upgrading, contractual energy management and new technological energy transformation. Moreover, it also participated in the development of Jilin Oilfield District 224, with the main objective of researching, coordinating and co-operating for the implementation approach and the related operation and technical issues. The subsidiary is also exploring new business developments in energy saving and environmental protection projects with the government and relevant enterprises, including the recycle of waste residue into new fuel and the recycle of dust produced during combustion process for the production of potash fertilizer as by-product. Comprehensive Planning of Future Development New Strategy – China Oil Gangran’s future development strategy will be leveraged on the macroeconomic and policy environment amid “One Belt, One Road” as well as “Reform of State-owned Enterprises”. New Idea – According to Sino-Hong Kong development guidelines established by the State Council of the PRC, the business direction is to rely on Hong Kong as a global financing platform and the resources in the PRC. New Energy – Development of clean energy and new energy business on basis of refined oil sales and natural gas sales businesses. New Development – Stepping beyond the limits and engaging more partners, the group aims to become a leader of the development of new energy industry. In addition, the group treasures the communication with shareholders and dedicated to maximize shareholders’ value. Mr. Rong Changjun, Vice Chairman and Executive Director of China Oil Gangran, said, “With energy policy support by the Chinese government, extensive resources of our business partners and strategic development on clean energy business, China Oil Gangran will go further under the objectives of “New Strategy, New Concept, New Energy and New Development”. In future, we will continue to develop businesses with integrity, rigorousness and harmony as well as maintain our intimate relationship with shareholders in order to create a new glorious page for China Oil Gangran.” End About China Oil Gangran Energy Group Holdings Limited For further information, please contact:
End of Press Release +++++ Document: http://n.equitystory.com/c/fncls.ssp?u=RCFNLKAOBD Document title: China Oil Gangran Dedicates to Promote Clean Energy Business under ‘New Strategy, New Concept, New Energy and New Development’ Key word(s): Miscellaneous 02/07/2015 UTC+8 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com |
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