China Anchu Energy Storage Group Ltd (HK:2399) has released an update.
China Anchu Energy Storage Group Ltd has announced a significant business development as its subsidiary, Jiangsu HengAn, has secured an agreement to sell zinc-bromine flow battery energy storage systems to Shaanxi Great Energy, a subsidiary of the state-owned China Poly Group Corporation. This deal is expected to bolster the company’s standing in the energy storage market and is seen as a mark of confidence in its products. The transaction is not considered a notifiable transaction under the relevant Hong Kong Stock Exchange rules.
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