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Vallianz Holdings Limited ( (SG:WPC) ) has shared an announcement.
Vallianz Holdings Limited has announced a joint venture with Chengrui Technology Singapore Pte. Ltd. to explore opportunities in the marine electrification market. This partnership aims to leverage the expertise of both companies to develop competitive electric and battery-powered solutions, aligning with Vallianz’s strategic goal of supporting global energy transition and maritime decarbonisation. The joint venture will result in the formation of a new company, VC Power Pte Ltd, in Singapore, with Vallianz holding a 51% stake.
More about Vallianz Holdings Limited
Vallianz Holdings Limited operates in the marine industry, focusing on providing marine services and solutions. The company is involved in the development of marine electrification technologies, including vessel battery electric systems and smart charging infrastructure.
Average Trading Volume: 1,567,663
Technical Sentiment Signal: Buy
Current Market Cap: S$107.8M
For an in-depth examination of WPC stock, go to TipRanks’ Overview page.