Core Viewpoint - The company is expanding its business into coal trading in China, leveraging its existing expertise in energy commodities and aiming for sustainable growth and diversification of revenue sources [1][2]. Group 1: Business Expansion - The company has announced its entry into the coal trading market in China, with plans to utilize its industry contacts in northern China to penetrate this market [1][2]. - A new wholly-owned subsidiary has been established in China to facilitate coal trading agreements [2]. Group 2: Strategic Rationale - The board believes that establishing a coal trading business will allow the company to leverage its expertise in coal mining and commodity trading, enhancing its understanding of potential customers when Russian coal mines begin operations [2]. - This strategic move is expected to mitigate overall business risks and enable the company to adapt to changing market conditions amid global crises and uncertainties [2].
能源及能量环球(01142.HK)在中国订立煤炭买卖协议 新设全资附属公司推进能源商品贸易多元化