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Mooreast Holdings Ltd. ( (SG:1V3) ) just unveiled an update.
Mooreast Holdings Ltd. has signed a Strategic Cooperation Agreement with CCCC Mechanical & Electrical Engineering Co., Ltd, a subsidiary of China Communications Construction Company Limited. This collaboration aims to explore business opportunities in the floating offshore renewable energy sector, focusing on offshore wind farms. The agreement will leverage CCCC M&E’s extensive network and Mooreast’s technical expertise to develop a comprehensive supply chain for offshore wind-related projects, including engineering, production, and installation of mooring systems and wind turbines. This partnership is expected to enhance Mooreast’s market positioning in China and globally, tapping into the growing demand for renewable energy solutions.
More about Mooreast Holdings Ltd.
Mooreast Holdings Ltd. is a specialist in mooring and rigging systems for the offshore and marine sector. It is Asia’s only ultra-high power anchor designer and manufacturer, with a growing presence in Europe and North Asia, driven by the commercialization of floating wind energy projects worldwide.
Average Trading Volume: 39,737
Technical Sentiment Signal: Buy
Current Market Cap: S$37.3M
For a thorough assessment of 1V3 stock, go to TipRanks’ Stock Analysis page.