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Gallant Venture ( (SG:5IG) ) has issued an announcement.
Gallant Venture Ltd, through its subsidiary PT Batamindo Investment Cakrawala, plans to invest in new power plants to meet increasing energy demands and diversify its power generation portfolio. This strategic move aims to bolster the company’s growth in its industrial parks and resorts, enhancing its position as a key Independent Power Producer in the Riau region, and contributing significantly to the company’s revenue and profitability.
More about Gallant Venture
Gallant Venture Ltd operates in the industrial park and utilities sector, with its subsidiary PT Batamindo Investment Cakrawala (PT BIC) managing the Batamindo Industrial Park in Indonesia. The company focuses on providing utilities infrastructure solutions including power generation, water supply, wastewater treatment, and telecommunications, primarily serving the industrial park’s tenants.
YTD Price Performance: 25.00%
Average Trading Volume: 79,470
Technical Sentiment Signal: Hold
Current Market Cap: S$491.7M
For a thorough assessment of 5IG stock, go to TipRanks’ Stock Analysis page.