Financial Wire

King's Stone Forms Joint Venture for Energy Storage Investments

-- King's Stone (HKG:1943) agreed to establish a joint venture in Shenzhen with an independent investor, according to a Friday Hong Kong bourse filing.

The joint venture will have registered capital of 10 million yuan, with the company holding an 80% stake and contributing 8 million yuan, while its partner will invest 2 million yuan for a 20% interest.

The new entity will focus on technology development and investments across the energy storage value chain.

Upon establishment, the venture will become a subsidiary of King's Stone.

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King's Stone Forms Joint Venture for Energy Storage Investments | Financial Wire