Brief: China Fordoo In Discussions With Potential Partners With Experience In Power Storage Industry

China Anchu Energy Storage

04/10/2021 11:25

Oct 4 (Reuters) - China Fordoo Holdings Ltd  2399.HK :
    * BEEN ENGAGING IN DISCUSSIONS WITH POTENTIAL BUSINESS
PARTNERS
WHO HAVE EXPERIENCE IN POWER STORAGE INDUSTRY
    * DISCUSSIONS TO EXPLORE ESTABLISHING JV ENGAGED IN RESEARCH
AND
DEVELOPMENT, PRODUCTION AND SALES OF LIQUID ENERGY STORAGE
BATTERIES
    * INITIAL MAIN TARGET MARKET OF JV WILL BE IN CHINA AND MAY
FURTHER EXPAND TO OTHER COUNTRIES IN FUTURE
    * AS OF ANNOUNCEMENT, CO HAS NOT ENTERED INTO ANY LEGALLY
BINDING
AGREEMENT REGARDING ESTABLISHMENT OF JV

Further company coverage:  2399.HK 

 ((Reuters.Briefs@thomsonreuters.com;))