Financial Wire

China Anchu Energy Enters Cooperation MoU for Japan Energy Storage Projects

-- China Anchu Energy Storage Group (HKG:2399) entered into a non-legally binding MoU with RelyEZ Energy Storage Technology to cooperate in various energy storage projects in Japan, according to a Thursday Hong Kong bourse filing.

The cooperation will encompass the investment, development, management, and operation of the projects.

The parties will explore various ways to boost the value of the projects, including the securitization of underlying assets.

The companies are expected to enter into formal agreements regarding the cooperation following negotiations.

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