AGG Energy IPO

AGG Energy IPO

Postby winston » Thu Jun 04, 2015 6:47 am

AGG Energy Holdings will kick off its roadshow next week to raise up to HK$3.1 billion.

The Beijing-based firm is A developer of coalbed methane a source of clean energy.

It operates two concessions in the Qinshui basin of Shanxi, which contains the largest amount of CBM reserves in China.

It has production SHARING contracts with state-owned China United Coalbed Methane Corporation and PetroChina (0857).

Its NET PROFIT last year was 194.99 million yuan (HK$243.91 million), up four times.

Source: The Standard HK
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