Enechange Ltd. ( (JP:4169) ) has provided an update.
ENECHANGE Ltd. is establishing a joint venture by transferring its EV Charging Business into a new subsidiary, with CHUBU Electric Power Miraiz acquiring a 51% stake. This strategic move aims to resolve financial constraints, strengthen its financial base, and accelerate EV infrastructure development by leveraging CHUBU’s customer network and financial resources, ultimately maximizing shareholder value and supporting the transition to a decarbonized society.
More about Enechange Ltd.
ENECHANGE Ltd. operates in the energy sector, focusing on developing electric vehicle (EV) charging infrastructure. The company aims to expand charging opportunities under the brand ‘ENECHANGE EV Charge’ and contribute to a decarbonized society. Its market focus includes leveraging its energy platform and data business to enhance EV charging solutions.
YTD Price Performance: 40.50%
Average Trading Volume: 451,527
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen17.64B
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