TIDMJADE
Jade Road Investments Limited
27 April 2021
RNS Reach
JADE ROAD INVESTMENTS LIMITED
("JADE" or the "Company")
Meize Energy Update
Jade Road Investments Limited, the London quoted pan-Asian
diversified investment vehicle focused on providing shareholders
with attractive uncorrelated, risk-adjusted long-term returns, is
pleased to share that one of its portfolio companies, Meize Energy
Holding Limited, was recently featured in a news story on
ChannelNewsAsia ("CNA"), a leading English language news agency
based in Singapore. The Managing Partner of Harmony Capital, Suresh
Withana, was also interviewed during this segment.
Meize Energy designs and manufactures wind turbine blades and
has three factories in China, located in Inner Mongolia, Ningxia
Province, and Jiangsu Province.
The Jiangsu facility is one of the three manufacturing bases for
Meize Energy. It is the newest, having manufactured blades for the
first time in September 2020, and the largest in terms of
production capability. It produces 24 sets of blades each month and
is looking to double its production by the middle of the year.
Jade Road owns a 7.2% stake in Meize Energy.
The publication of the news story coincides with the Leaders'
Summit on Climate, a conference hosted by US President Joe Biden
and attended by 40 other world leaders, including the presidents of
China and Russia, which aims to galvanise efforts by major
economies to tackle the climate crisis.
CNA reports that China generated the largest-ever wind power
capacity last year, nearly tripling 2019 levels. The country has
also vowed to increase the share of energy generated by non-fossil
fuels to around 20% by 2025, up from its 15% goal last year. In
September 2020, President Xi Jinping announced that China aims to
peak carbon emissions by 2030 and to achieve carbon neutrality by
2060.
Meize Energy is set to benefit from this continued push for
renewable energy in China, as explained by the General Manager of
the Company's Jiangsu facilities: "China's overall carbon emission
reduction drive presents a big market. Furthermore, onshore wind
energy has reached a relatively stable state, but in the long run,
offshore wind has explosive potential."
John Croft, Executive Chairman of Jade Road, commented: "Jade
Road is proud to support the growth of Meize Energy, as it takes
part in the global effort to mobilise private and public sector
finances to drive the net-zero transition and to support China's
roadmap to carbon neutrality by 2060."
Click here to watch the full video.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jade Road Investment Limited +44 (0) 778 531 5588
John Croft
---------------------
Hybridian LLP - Corporate Broker +44 (0)203 764 2341
---------------------
Claire Noyce
---------------------
About Jade Road Investments Limited
Jade Road Investment Limited (JADE) is quoted on the AIM Market
of the London Stock Exchange and is committed to providing
shareholders with attractive uncorrelated, risk adjusted long-term
returns from a combination of realising sustainable capital growth
and delivering dividend income.
The Company is focused on providing growth capital and financing
to emerging and established Small and Medium Enterprises (SME)
sector throughout Asia, well diversified by national geographies,
instruments and asset classes. This vital segment of the economy is
underserved by the traditional banking industry for regulatory and
structural reasons.
The Company's investment manager, Harmony Capital, seeks to
capitalise on its team's established investment expertise and broad
networks across Asia. Through rigorous diligence and disciplined
risk management, Harmony Capital is dedicated to delivering
attractive income and capital growth for shareholders with
significant downside protection through selectively investing in
assets and proactively managing them.
Harmony Capital is predominately sourcing private opportunities
and continues to create a strong pipeline of attractive income
generating assets from potential investments in growth sectors
across Asia, including healthcare, fintech, hospitality, IT and
property.
For further information, please visit the Company's website at
https://jaderoadinv estmen ts.com and follow the Company on Twitter
(@ JadeRoadInvest ).
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAEAPLKASSFEFA
(END) Dow Jones Newswires
April 27, 2021 02:00 ET (06:00 GMT)
Jade Road Investments (LSE:JADE)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Jade Road Investments (LSE:JADE)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
