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CF Energy Corp CGFEF


Primary Symbol: V.CFY

CF Energy Corp. is a Canadian integrated energy provider and natural gas distribution company (or natural gas utility) in the People's Republic of China (PRC). The Company is involved in natural gas distribution and sustainable energy utilization, serving residential, commercial and industrial users as well as electric vehicle (EV) battery swap service in the PRC. Its segments include gas distribution utility, integrated smart energy and smart mobility. The gas distribution utility segment comprises natural gas transmission and sales, including pipeline natural gas sales and liquified natural gas supply distribution sales and related service pipeline installation and connection sub-segments; compressed natural gas vehicle refueling station, and natural gas direct transmission. It provides an integrated smart energy system and an integrated district energy distribution service. The smart mobility segment operates EV battery swap stations, and trades EV to designated customers.


TSXV:CFY - Post by User

Post by QJAWuuon Jan 30, 2019 10:01pm
223 Views
Post# 29299687

Lawsuit

LawsuitDoes the delay in the HK IPO have something to do with this? Below is a link to a Chinese article I found while I was doing some due diligence research on the name recently. It is quite long and I don't have the time to translate it all. The CEO is named a few lawsuits with a previous shareholder, which is or was a government sponsored enterprise. Basically accusing the CEO schemed to steal the capital from it to form CFY. The case might be under the Supreme Court 's review. I went back to the posts on this board in the past couple months, and I didn't see it being mentioned anywhere. https://mp.weixin.qq.com/s/Kn2jyuuCWpUl2pLZBnOhnA I like the names exposure to the growing natural gas industry in China, and a lot of macro tailwind is behind this. The company should enjoy favorable term on debt financing on its projects since the government is again planning to boost GDP figure with targeted monetary stimulus and infrastructure programs in selected industries, and the ongoing positive regulation changes in the energy sector. If this has been addressed, I would like to see the source and sorry to mention it again... Thanks!
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