Hong Kong-based Baring Private Equity Asia is moving into China's green energy sector in a big way.

According to the China Daily, Barring and its Mainland associate Chengwei Ventures LLC have invested $88 million in China CBM Investment Holdings Ltd (CCBM). CCBM is a Chinese producer of coal bed methane.

CCBM used to go by the name Asian American Gas, Inc. (AAGI). The name was changed after a management buyout. The old AAGI was one of the first foreign companies involved in coal bed methane in China. The company developed some of the most advanced technology available for removing methane from coal beds.


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