Keppel (SGX:BN4) expanded its powerbank capacity to over 1 Gigawatt through the acquisition of lease rights on a 123-hectare site in Victoria, Australia, according to a Thursday filing with the Singapore Exchange.
Shares of the infrastructure company were up under 1% in Friday trading.
The site was leased out from Australian energy and infrastructure land owner, Lightwood Group.
Under the lease agreement, the company will pay Lightwood an annual access fee to have early access to the site for pre-development works.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments