Heatec Jietong Holdings Ltd. (SG:5OR) has released an update.
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Heatec Jietong Holdings Ltd. is expanding its business by exploring hospitality opportunities in China and entering the energy trading market, although the latter incurred a segment loss in its first year. Despite losses in its piping segment over several years, the company has seen significant revenue growth in its core Heat Exchanger segment. The company is positioning to capitalize on the FPSO market, particularly in Brazil, and has outlined operational priorities to restore profitability in its struggling segments.
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