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GRP Ltd. ( (SG:BLU) ) just unveiled an announcement.
GRP Ltd. has entered into a non-binding heads of agreement with an investor to explore a potential business opportunity in China involving a Battery Energy Storage System (BESS) project. This initiative is in the preliminary stages and involves evaluating commercial, financial, technical, and legal aspects, as well as potential funding and regulatory requirements. The agreement does not guarantee the project’s progression, and stakeholders are advised to exercise caution.
More about GRP Ltd.
GRP Ltd. is a company incorporated in Singapore, focusing on energy solutions, particularly in the field of regenerative braking systems for elevator systems.
Average Trading Volume: 16,465
Technical Sentiment Signal: Sell
Current Market Cap: S$10.81M
Find detailed analytics on BLU stock on TipRanks’ Stock Analysis page.