Gold Peak Technology Group (HKG:0040) submitted a letter of intent to the relevant regulatory authority in Malaysia to invest in the Johor-Singapore Special Economic Zone, a Wednesday filing with the Hong Kong bourse said.
Under the letter of intent, the company plans to invest in phases, through unit GP Energy Tech, around $150 million, to build a state-of-the-art Nickel-based manufacturing facility and R&D center in the special economic zone.
The move comes about in order for the battery manufacturer to further expand its sustainable energy solutions business.
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