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1183 — MECOM Power and Construction News Story

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Brief: MECOM Power And Construction Announces Definitive Agreement With Guangzhou Shijia

Oct 10 (Reuters) - MECOM Power and Construction Ltd
 1183.HK :
    * ANNOUNCES DEFINITIVE AGREEMENT FOR ELECTRIC BIKES AND
MOTORCYCLES BATTERY-SWAPPING SYSTEMS
    * IN SEPT, MECOM ZHIHUI ENTERED AGREEMENT WITH GUANGZHOU
SHIJIA
    * IN DEAL, GROUP WOULD ACTIVELY SOURCE DIFFERENT LOCATIONS
IN
GUANGDONG PROVINCE FOR ITS BATTERY SWAPPING SYSTEMS
    * SEES ABOUT 2,500 TO 3,500 ELECTRIC CHARGING STATIONS WILL
BE SET
UP IN GUANGDONG PROVINCE, AMOUNTING TO RMB200 MILLION
    * FUNDS FOR SETTING UP ELECTRIC CHARGING STATIONS TO BE
FINANCED
BY INTERNAL RESOURCES AND BANKING FACILITIES

Source text for Eikon:  ID:nHKS7j9GwJ 
Further company coverage:  1183.HK 
 ((Reuters.Briefs@thomsonreuters.com;))

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