Hangzhou Zhongheng Electric (SHE:002364) said its Singapore subsidiary, Enervell Power, will invest SG$400,000 for a 20% stake in joint venture SuperX Digital Power.
SuperX Digital Power, with a registered capital of SG$2 million, focuses on overseas high-voltage direct current (HVDC) product markets, according to a Tuesday filing with the Shenzhen bourse.
Shares of the electrical products developer closed 1% lower Tuesday.
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