Skyworth Digital Holdings ( (HK:0751) ) has provided an update.
Skyworth Group Limited, through its subsidiary Shenzhen Skyworth Photovoltaic, has entered into an investment agreement with Zhejiang Aixu Solar and the Baise Government to establish a new Project Company focused on a photovoltaic project. The project aims to enhance Skyworth’s position in the renewable energy sector, with Shenzhen Skyworth Photovoltaic contributing the majority of the initial capital. This strategic move is expected to bolster the company’s operations in the renewable energy market, leveraging governmental support and technical expertise from Zhejiang Aixu Solar.
More about Skyworth Digital Holdings
Skyworth Group Limited operates in the technology and electronics industry, primarily focusing on the development and manufacturing of consumer electronics, including televisions and home appliances. The company is also expanding into renewable energy solutions, particularly through its subsidiary, Shenzhen Skyworth Photovoltaic.
YTD Price Performance: -9.50%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $814.7M
Find detailed analytics on 0751 stock on TipRanks’ Stock Analysis page.