NaaS Technology Partners With ZSY To Promote Financial Innovation In Energy Services

NaaS Technology Inc NAAS has entered into a strategic partnership with Shenzhen ZSY Financial Services Co Ltd.

Under the partnership, the parties will collaborate on new energy industry financial innovation, and new energy assets securitization to promote integration of new energy business and financial services, and boost a low-carbon energy industry.

The partnership will bring about an integrated service platform equipped with the ability of asset management and technology services.

"Together with ZSY, we are poised to provide financial solutions for a greener and low-carbon energy industry, and help improve the stability and efficiency of the global transport energy network," said NaaS CEO Wang Yang.

NaaS' year-to-date fundraising has achieved a total of $91 million. NaaS' parent company, NewLink, has partnered with China Construction Bank (CCB), under which CCB will provide integrated financial services support.

Price Action: NAAS shares closed lower by 17.69% at $3.77 on Thursday.