OFFSHORE and marine equipment dealer KTL Global's 80 per cent-owned subsidiary, Bluegas Private Limited, has entered into one-year service agreements with three Chinese utility operators. Read more at The Business Times.
OFFSHORE and marine equipment dealer KTL Global's 80 per cent-owned subsidiary, Bluegas Private Limited, has entered into one-year service agreements with three Chinese utility operators.
The three operators will pay Bluegas a quarterly service fee, KTL Global said in a bourse filing on Tuesday. Some 25 million yuan is payable by the three parties, with one operator having paid 7.5 million yuan as at June 30, added the mainboard-listed firm. The operators were assigned to Bluegas by Chinese technology company Shenzhen Green Leopard Medical Technology Co Ltd, as part of a non-binding memorandum of understanding signed on May 2 by both companies.Under the MOU, Bluegas will provide branding, technical, operation and procurement services to at least 30 Chinese utility operators to be secured and assigned to Bluegas by Shenzhen Green Leopard.
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