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21st Century Business Herald: Honghua‘s Unique Business Approach – “Water-seller” in Shale Gas Industry

soruce:manager    click:3000    time:2013-07-31

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Honghua?Group?(00196.HK),?the?first?shale?gas?concept?stock,?first?proposed?a?revenue?target?of?several?hundred?million?yuan?in?the?non conventional?energy?sector?on?January?19?this?year.

So?as?not?to?miss?out?on?the?enormous?market?opportunity,?Honghua?Group?established?a?strategic?alliance?on?December?12?last?year?(2012)?with?world renowned?oil?and?gas?services?company?Baker?Hughes?of?the?US.

The?Group?proposed?on?December?31?a?sales?revenue?target?in?excess?of?RMB?10?billion.?At?present,?Honghua?Group?has?plans?to?invest?4?sets?of?shale?gas?extraction?solutions?in?each?of?the?North?America?and?Sichuan-Chongqing?markets?for?further?tests.

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