Befar Group Boosts Investment in Subsidiary
Click:461    DateTime:Jul.24,2019


Befar Group Co., Ltd. (Befar) recently announced that it plans to increase registered capital of its subsidiary Shandong Binhua Hydrogen Energy Co., Ltd. (Shandong Binhua) by RMB150 million to RMB200 million. Befar will hold 97.5% shares of Shandong Binhua, which will use the new capital to invest and conduct M&As.

Shandong Binhua is mainly engaged in supplying hydrogen to hydrogen fuel cell vehicles, after purifying industrial hydrogen from ionic membrane caustic soda units. Related hydrogen energy project phase I was put into trial operation on May 8.