Shimao Services Forms Joint Venture for EV Charging

Shimao Services Holdings Limited (HK:0873) has released an update.

Shimao Services Holdings Limited, through its subsidiary Chengdu Shimao Tiancheng, has entered into a joint venture with a partner to establish a new company for building and operating electric vehicle charging stations in China. The joint venture will have a registered capital of RMB400 million, with Chengdu Shimao Tiancheng holding a 49% stake. This move marks a significant step for Shimao Services into the growing EV infrastructure market.

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