FINWIRES · TerminalLIVE
FINWIRES

CATL Launches 3 Billion Yuan Research Facility in Xiamen, China

By

Contemporary Amperex Technology (SHE:300750, HKG:3750) launched the operations of its 3 billion yuan research facility in the southeastern Chinese city of Xiamen, it said in a Thursday press release.

The Xiamen Energy Storage Validation Research Institute is the world's largest one-stop testing and validating platform for the sector, according to the battery giant.

It allows full-system energy storage containers to undergo testing under extreme environments, CATL said.

The world's largest battery maker could use the energy storage validation facility to increase industry quality standards, Chief Scientist Wu Kai said.

Related Articles

Asia

Mooreast's Shares Surge Over 15% on Placement Plan to Raise SG$6 Million

Mooreast (SGX:1V3) signed a placement agreement with ZICO Capital to raise around SG$6 million through the placement of up to 44.5 million shares at SG$0.135 per share, according to a Thursday filing with the Singapore Exchange.Shares of the mooring company zoomed over 15% in Friday's late-morning trade.The placement exercise is aimed at strengthening the company's financial position and capital structure, with proceeds allocated for general working capital needs.

$SGX:1V3
Asia

KSH's Attributable Profit More Than Doubles in Fiscal H2

KHS's (SGX:ER0) attributable profit to owners zoomed more than 100% in fiscal second half ended March 31 to SG$1.6 million from SG$539,000 a year earlier, according to a Thursday bourse filing.Shares of the property developer were up over 1% in Friday trading.Earnings per share rose to SG$0.0027 compared with SG$0.001 in the year-ago period.Revenue fell 33% year over year to SG$86.8 million from SG$128.8 million.The company declared a final dividend of SG$0.01 per share, taking the total dividend to SG$0.015 per share.

$SGX:ER0
Asia

Fletcher Building Completes Sale of Construction Division to VINCI Construction

Fletcher Building (ASX:FBU, NZE:FBU) said it has completed the sale of its Construction Division to VINCI Construction, the construction arm of the VINCI Group, according to a Friday Australia and New Zealand bourse filing.The company's shares rose 2% in recent Friday trade.

$ASX:FBU$NZE:FBU