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An update from Mayer Holdings Ltd. ( (HK:1116) ) is now available.
Mayer Holdings Ltd. has announced the establishment of a joint venture with Beijing Huailai Data Centre Enterprise to develop waste heat recovery technology in China. This initiative aims to transform waste heat from data centers into thermal energy, supporting local energy needs and greenhouse agriculture. The breakthrough in this technology has attracted significant attention from government entities and is expected to provide substantial environmental and economic benefits, positioning the company as a leader in energy-saving solutions.
More about Mayer Holdings Ltd.
Mayer Holdings Ltd. operates in the energy conservation and efficiency sector, focusing on enhancing industrial and agricultural needs through its PCM Business. The company is involved in the development of waste heat recovery technology to address environmental challenges and improve energy efficiency.
Average Trading Volume: 7,877,795
Technical Sentiment Signal: Sell
Current Market Cap: HK$863.2M
Learn more about 1116 stock on TipRanks’ Stock Analysis page.