Found this snippet from the Annual results for BSP (our parent company). TNP will be part of this strategy. Tommy Cheng is also our Chairman.
Mr. Tommy Cheng, Chairman of Blue Sky Power, stated that, “Blue Sky Power will continue to strengthen our supply chain of natural gas while expanding our reach to a wider customer base across more provinces in China. China is in the middle of an energy transformation, with the central government making a strong push to the increasing use of clean energy. Natural gas is the ideal solution of clean and affordable energy for China and Blue Sky Power is eager to actively promote and provide natural gas to a wide customer base across China where we see there is huge market potential which is currently underserved. Our innovative approach, our potential and value proposition in meeting the growing gas demand with diversified supply and distribution of natural gas, is reflected in the strong backing we have attracted from the likes of renowned institutional investors and experienced industry participants. Their backing also provides us with the financial strength to pursue continued M&A within the industry as we seek complementary assets to strengthen our industry value chain and further improve profitability for the Group. ”
Cheers
Doyle
TNP Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
