FINWIRES · TerminalLIVE
FINWIRES

LS Electric, GE Vernova Form JV to Strengthen Voltage-Source HVDC Business in South Korea

By

LS Electric (KRX:010120) said it signed a joint venture deal with US-based energy equipment maker GE Vernova, strengthening its competitiveness in the voltage-source converter high-voltage direct current business, according to a Wednesday release.

The South Korean electrical equipment maker said the joint venture, to be named Grid X Technology, will develop joint offerings and strategies covering supply of key equipment and joint execution of HVDC projects in South Korea.

The partnership will also establish a framework to support South Korea's power-grid development and expand HVDC business globally.

Related Articles

Asia

S&P Global Ratings Upgrades AMP's Issuer Credit Rating to 'BBB+', Outlook Stable

AMP (ASX:AMP) said S&P Global Ratings upgraded its issuer credit rating on AMP "BBB+" from "BBB" and affirmed the outlook at stable, according to a Wednesday Australian bourse filing.The issuer credit rating on AMP Bank was affirmed at "BBB+" and the outlook was changed to negative from stable.Its shares fell 1% in recent trading on Wednesday.

ASX:AMP
Asia

Sandfire Resources Completes Near-Mine Exploration at Prospects Near Spain Mines; Shares Reach All-Time Peak

Sandfire Resources (ASX:SFR) said it completed 46 near-mine exploration drill holes at Masa 2 West and Masa Olivo prospects at the Magdalena mine in Spain for 27,972 meters, as well as four drill holes at the La Juliana prospect near the Aguas Teñidas mine in Spain for 2,596 meters, according to a Wednesday Australian bourse filing.It hit intercepts of 14.4 meters at 0.4% grade of copper, 15% grade of zinc, 4.4% grade of lead, 0.6 grams per tonne (g/t) grade of gold, and 158.1 g/t grade of silver from 307 meters, 5.5 meters at 3.1% grade of copper, 0.1% grade of zinc, 0.1% grade of lead, 0.9 g/t grade of gold, and 7.2 g/t grade of silver from 524 meters, as well as 8.6 meters 1.3% grade of copper, 0.1% grade of zinc, 0.1% grade of lead, 1.3 g/t grade of gold, and 5.8 g/t grade of silver from 556.2 meters, per the filing.The company said it also completed seven near-mine exploration drill holes at A1 for about 2,045 meters and three drill holes at A4 West for 2,296 meters.The mining company's shares rose 7% in recent trading on Wednesday and earlier reached their all-time peak.

ASX:SFR
Asia

Lakala Payment Terminates Plans For Hong Kong IPO

Lakala Payment (SHE:300773) has decided to terminate its proposed secondary listing on the main board of the Hong Kong Exchange, according to a Wednesday filing with the Shenzhen bourse.The digital payment service provider initially approved the overseas listing plans in August and September 2025.However, due to changes in the market environment and adjustments to its plans, the board voted at a meeting on Tuesday to scrap the plan.

SHE:300773