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Tai Sin Electric Limited ( (SG:500) ) has shared an announcement.
Tai Sin Electric Limited’s subsidiary, Lim Kim Hai Electric Co. (S) Pte. Ltd., has acquired a 25% stake in EV Mobility Pte. Ltd., an electric vehicle charge point operator in Singapore, for SGD1.5 million. This strategic investment aligns with Tai Sin Electric’s goal to expand into the growing electric vehicle ecosystem, enhancing its position in sustainable business ventures.
More about Tai Sin Electric Limited
Tai Sin Electric Limited is a company based in Singapore, operating in the electrical industry. It focuses on providing electrical products and services, with a market focus on sustainable and future-oriented businesses.
Average Trading Volume: 170,755
Technical Sentiment Signal: Buy
Current Market Cap: S$255.4M
See more insights into 500 stock on TipRanks’ Stock Analysis page.