Trendzon Eyes Stake Purchase in Pumped Storage Power Station Manager

MT Newswires Live

2024-12-18

Trendzon (HKG:1865) entered into a memorandum of understanding to potentially acquire a 51% equity stake in Xiexin Industrial Park Management (Guangdong) from Central Asia Equity Investment Fund Management (Shenzhen), a Tuesday bourse filing said.

Xiexin Industrial Park Management (Guangdong) engages mainly in the management of pumped storage power station, intelligent manufacturing, rooftop photovoltaics, customized inverter factory, and customized junction box factory.

The construction engineering company is yet to enter into a formal agreement with the buyer regarding the purchase.

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