Guan Chao Holdings eyes 30% stake in AIMI Investments

Guan Chao Holdings Limited (HKEX: 1872) announced that its subsidiary, BetaTech Investments Limited, has entered into a non-legally binding memorandum of understanding (MOU) with Infinity Energy Solutions Limited to potentially acquire a 30% equity interest ("Target Equity") in AIMI Investments Limited (“Target Company”). The Target Company, through its subsidiary Aurora Hydrogen Energy Limited, owns the entire equity interest in Jiangsu Kaichen Energy Co., Ltd., which in turn owns the entire equity interest in Nantong Hefan Energy Technology Co., Ltd. AIMI Investments is valued at no more than HKD200 million. The Target Group is primarily engaged in supplying Anion Exchange Membrane (AEM) water electrolysis equipment for hydrogen production. Guan Chao cites diversifying revenue streams and mitigating business risks as reasons for the potential acquisition, viewing it as a strategic opportunity to expand into the evolving hydrogen fuel cell industry. The MOU includes an exclusivity period for BetaTech to conduct due diligence.