Core Viewpoint - Hengchang Group International (01421) has announced the establishment of a joint venture with its subsidiaries, focusing on the high-end perovskite equipment sector in China, which aligns with the company's strategic growth in the solar photovoltaic industry [1] Group Structure and Operations - The joint venture agreement involves Huge Act and Shengde International, with Huge Act holding a 51% stake and Shengde International holding 49% [1] - The joint venture will be a subsidiary of the company, consolidating its financial performance into the group's financial statements [1] - The joint venture will operate solely as an investment holding company and will not engage in any business operations [1] Industry Focus and Growth Potential - The company is closely monitoring the latest developments in third-generation perovskite equipment within the photovoltaic industry to explore new opportunities [1] - The board believes that the perovskite market has strong growth prospects, making the establishment of the joint venture a strategic move for future development [1] - The formation of the joint venture is seen as an excellent opportunity to expand the company's solar photovoltaic business [1]
恒昌集团国际拟成立合营企业 从事高端钙钛矿设备领域业务