Kim Heng Limited has entered a non-binding memorandum of understanding (MOU) with Singapore Energy Interconnections (SGEI) to operate, repair and maintain submarine power cable systems installed within the Asean region, according to a bourse filing on June 9.
SGEI is a newly incorporated government-linked company in Singapore which specialises in the development and operation of cross-border power interconnectors, enable cross-border electricity trade and support the realisation of the Asean power grid.
The SGEI intends to invest in, develop, own and operate interconnectors to import electricity, according to media reports from last week.
The MOU will remain in force until June 1, 2028 or on the execution of definitive agreements or mutual agreements to terminate it.
Shares in Kim Hengclosed flat at 7.5 cents on June 9.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。