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GCA Group Provided Equity Interest Valuation Services for CHYY Development Group Limited (8128.HK) in an Acquisition Transaction

We are delighted to present our recent accomplishment, highlighting our commitment to excellence in delivering valuable services. GCA Professional Services Group had the privilege of providing our esteemed client, CHYY Development Group Limited (Stock code: 8128.HK), with a comprehensive equity interest valuation service, contributing to their investment decision-making.

CHYY Development Group Limited is deeply engaged in advancing the alternative energy sector, particularly in the realm of new energy. Presently, the company’s focus lies in the promotion and application of geothermal heat pump environmental systems. Meanwhile, Hydrogen Energy Technology Limited and its subsidiaries specialize in cutting-edge hydrogen fuel cell powertrain systems for the automobile industry, boasting independent core technologies and intellectual property that spans the design, simulation, control, integration, and manufacturing of these systems. Our valuation efforts were specifically directed at assessing the 80% equity interest in Hydrogen Energy Technology Limited and its subsidiaries based on the cash flow projections being discounted to the present value, which informed the decision to acquire the stake in Hydrogen Energy Technology Limited.

This strategic move stems from our client’s strategic vision of “the development of renewable energy to replace the traditional fossil energy industry: hydrogen energy + geothermal energy (hot)”. This acquisition is expected to improve the client’s application technology direction towards “developing and utilising green alternative energy with a cost comparable to traditional energy”.

This milestone represents a significant expansion in our portfolio, venturing into the realm of hydrogen. We are committed to delivering invaluable support to our client, and we eagerly anticipate their continued success in this dynamic industry.