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Gold Peak Technology to Invest in Johor-Singapore Economic Zone

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Gold Peak Technology to Invest in Johor-Singapore Economic Zone

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The latest update is out from Gold Peak Technology Group Limited ( (HK:0040) ).

Gold Peak Technology Group Limited has announced its intention to invest approximately US$150 million in the Johor-Singapore Special Economic Zone through its 95.34%-owned subsidiary, GP Energy Tech Limited. This investment aims to establish a Nickel-based manufacturing facility and R&D center, supporting the growing demand for sustainable power solutions in the digital economy. The project, expected to start production by 2028, aligns with trends in AI and data center industry demands, enhancing the company’s position in the market.

More about Gold Peak Technology Group Limited

Gold Peak Technology Group Limited operates in the technology sector, focusing on sustainable energy solutions. It offers products and services related to energy technology, with a market emphasis on infrastructure and industrial applications.

YTD Price Performance: 6.00%

Average Trading Volume: 99,786

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$485.2M

Learn more about 0040 stock on TipRanks’ Stock Analysis page.

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