KAISHAN GROUP(SZ:300257) 智通财经网·2025-11-27 04:08Group 1 - The company, KS ORKA Renewables Pte Ltd, has signed a joint venture letter of intent with Hungarian company BölényZrt to establish a joint venture aimed at advancing geothermal power projects in Hungary [1] - The initial focus of the joint venture will be to upgrade existing geothermal power plants in Hungary to increase their net power generation capacity to 6.5 MW and to develop, construct, and operate a geothermal power plant with a total installed capacity of 104 MW, depending on reservoir conditions [1] - Bölény is in the process of establishing a mixed fund with an official background focused on the energy sector, which will become a shareholder in the joint venture upon its formation [1] Group 2 - The registered capital for the proposed joint venture is 5 million forints (approximately 107,500 RMB), with KS ORKA holding 45%, BEF (or Bölény) holding 45%, AAPRIL Kft holding 4%, and other foreign individual shareholders holding a combined 6% [2]