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An announcement from GRP Ltd. ( (SG:BLU) ) is now available.
GRP Ltd. has been placed on the Singapore Exchange’s Watch-list due to not meeting financial entry criteria. The company is actively working to meet the exit criteria by exploring various business opportunities, including a potential project in China related to energy storage systems. This move could significantly impact the company’s operations and market positioning, potentially offering new growth avenues and reassuring stakeholders of its commitment to financial recovery.
More about GRP Ltd.
GRP Ltd. is a company incorporated in Singapore, operating in an industry that involves energy savings and storage solutions. The company is exploring business opportunities in the People’s Republic of China, focusing on regenerative braking systems in elevator systems, known as the Battery Energy Storage System (BESS Project).
Average Trading Volume: 23,804
Technical Sentiment Signal: Sell
Current Market Cap: S$8.65M
For an in-depth examination of BLU stock, go to TipRanks’ Overview page.