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Wing Lee Development Construction Holdings Limited ( (HK:9639) ) has provided an update.
Wing Lee Development Construction Holdings Limited has entered into a memorandum of understanding with Contemporary Amperex Technology Co., Limited (CATL) to collaborate on green energy initiatives. This strategic cooperation aims to develop advanced energy storage systems and explore global market opportunities, marking a significant milestone in Wing Lee’s diversification into the new energy sector. This move is expected to strengthen Wing Lee’s position in the green infrastructure market and align with its development strategy, benefiting the company and its shareholders.
The most recent analyst rating on (HK:9639) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Wing Lee Development Construction Holdings Limited stock, see the HK:9639 Stock Forecast page.
More about Wing Lee Development Construction Holdings Limited
Wing Lee Development Construction Holdings Limited is an investment holding company incorporated in the Cayman Islands, operating primarily in Hong Kong. The company and its subsidiaries are engaged in civil engineering, electrical and mechanical engineering, and new energy businesses. Their civil engineering works include site formation, road and drainage, waterworks, and steel structural works. In electrical and mechanical engineering, they focus on power systems and emergency repair works. The new energy segment involves solar photovoltaic systems, electric commercial vehicles, electric engineering machinery, and energy storage solutions.
Average Trading Volume: 3,970,161
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.38B
For a thorough assessment of 9639 stock, go to TipRanks’ Stock Analysis page.