Kwong Luen Engineering Holdings Limited (HK:1413) has released an update.
Kwong Luen Engineering Holdings Limited has announced a non-binding memorandum of understanding with Chongqing Yida to form a joint venture focusing on a green energy project in China. The collaboration aims to align with the company’s long-term strategy and could potentially drive profit growth. Shareholders are advised to exercise caution as the venture’s terms are still under negotiation and may not proceed.
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