Trive active, up 5.26% on JV agreement to make solar energy products
KUALA LUMPUR (Nov 14): Trive Property Group Bhd shares rose 5.26% in active trade this morning after it signed a joint venture agreement (JVA) with Jiangxi Fujing New Energy Technology Co Ltd for a planned collaboration in the manufacturing and sale of solar energy products, including solar cells and panels.
At 9.13am, Trive rose 0.5 sen to 10 sen with 21.46 million shares done.
The company and Jiangxi Fujing will form JV company Daima Fujing New Energy Technology Sdn Bhd under the JVA.
Trive said the JV provides an opportunity for the company to develop its solar business, which is expected to provide an additional source of earnings and improve its financial performance. — theedgemarkets.com
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