SHANGHAI, Mar. 13 (SMM) – Sinocop Resources (Holdings) Ltd. entered into option deeds at the consideration of HK$253.65 million ($41.29) to buy the remaining 49% stake in a Hong Kong electric bus manufacturer.

Sinocop is making the acquisition in Green Dynamic Electric Vehicle Ltd. as it is ``optimistic about a steady business growth in the new energy industry in future,’’, the group told Hong Kong Stock Exchange on Wednesday.

Green Dynamic aims to develop electric buses in cooperation with the Hong Kong Productivity Council for local and domestic market.