GCL New Energy Holdings (HK:0451) has released an update.
GCL New Energy Holdings Limited has announced new operation and maintenance service agreements with its subsidiaries, involving multi-year contracts and significant annual considerations. The deals, connecting various entities within the company’s network, adhere to the Listing Rules and require reporting and annual review, but not independent shareholders’ approval. These strategic agreements are set to commence from July 2, 2024, and are expected to enhance the company’s operational synergies.
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