CLP Innovation Ventures Limited, a wholly-owned subsidiary of CLP Holdings Limited (CLP), today announced a US$2 million investment in R&B Technology Holding Co. Ltd. (R&B), a company specialising in energy management software for commercial and industrial sectors. The investment deepens the collaboration between CLP and R&B on innovative digital energy technologies for customers in Hong Kong, Mainland China and other Asia Pacific markets.
Hong Kong is facing immense social and economic challenges. The business environment is exceptionally harsh and the catering industry has been particularly badly affected, while people’s living standards in general have suffered. CLP Power Hong Kong Limited (CLP Power) has therefore allocated HK$20 million to a Let’s Eat and Cheers programme to help people in need while generating business for restaurants.
CLP Holdings Limited today announced a number of continuing connected transactions between the CSG Group and the CLP Group in accordance with the Listing Rules. These transactions were entered into in the ordinary and usual course of business of the CLP Group. Please refer to our announcement to the Stock Exchange of Hong Kong for details.