Aberdeen International Inc T.AAB

Alternate Symbol(s): AABVF

Financial Services Asset Management

Aberdeen International Inc. (Aberdeen) is a Canada-based global resource investment company and merchant bank. The Company is focused on small capitalization companies in the rare metals, clean energy and renewable energy sectors. Aberdeen’s primary investment objective is to realize returns by investing in pre-IPO and/or early-stage public resource companies with undeveloped or undervalued quality resources. The Company has investments in green hydrogen, green ammonia, platinum, and lithium projects. The Company investment portfolio consists of approximately 13 publicly traded investments and approximately thirteen privately held investments.

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Aberdeen International Inc

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Post by maverick2004on Jan 08, 2021 9:38am

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Post# 32252779

BIG NEWS BLDP push on AAB

Globe says Ballard soars on S. Korean hydrogen deal

2021-01-08 09:35 ET - In the News

The Globe and Mail reports in its Friday edition that South Korean conglomerate SK Group is acquiring a 9.9-per-cent share of Plug Power Inc. for $1.5-billion (U.S.), sending shares in the U.S. fuel cell producer higher while sparking a rally in the hydrogen sector. The Globe's Brent Jang writes that SK Group's investment in Plug Power of Latham, N.Y., is part of a new partnership designed to speed up the development of hydrogen-powered fuel cells while also spurring the production of hydrogen as an energy source in South Korea and other Asian markets. Plug Power shares surged on Thursday on the Nasdaq Stock Market, rising 35.1 per cent to close at $47.29 (U.S.). Ballard Power Systems benefited from the spotlight placed on hydrogen, with its shares jumping 15.7 per cent on the Toronto Stock Exchange to finish at $35.64, marking the Canadian company's highest close since May, 2002. Plug Power and Ballard both make hydrogen fuel cells, though the focus of Plug Power's partnership with SK Group is expected to be on hydrogen production in Asia, said MacMurray Whale, an analyst with Cormark Securities. China's Weichai Power announced in late 2018 that it bought a 19.9-per-cent stake in Ballard.