GUOFUHEE Shares Climb Nearly 5% Following Strategic Joint Venture with Thai Conglomerate's Family Fund

Stock News
Apr 29

GUOFUHEE (02582) rose nearly 5%, with the stock up 4.41% to HK$28.42 at the time of writing, generating a turnover of HK$43.85 million. The increase follows the company's announcement of a deep joint venture partnership with a holding company under the family fund of a core member of Thailand's Charoen Pokphand Group. The two parties will formally establish a joint venture to collaborate on supplying power products for AI data centers and hydrogen energy equipment facilities in Southeast Asia. This initiative aims to support the region's transition to a low-carbon digital economy and promote the large-scale development of the hydrogen energy industry. Thailand, as a key driver of digital economic growth in Southeast Asia, is experiencing rapid expansion in its data center market. Leading industrial players, including Charoen Pokphand Group, are accelerating the deployment of data center infrastructure in the country, with green and low-carbon solutions becoming an industry consensus. The partnership will prioritize green energy solutions for data centers to quickly capture market share, while simultaneously advancing hydrogen-powered transportation and smart drone operations, creating a synergistic development framework integrating digital energy, hydrogen mobility, and intelligent equipment.

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