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Tai Sin Electric to acquire 25% stake in charging station contractor
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Tai Sin Electric has signed a share subscription agreement to acquire a 25% stake in EV Mobility for S$1.5 million. This acquisition aligns with Tai Sin's strategy to expand in the electric vehicle ecosystem in Singapore. EV Mobility specializes in providing charging stations and related software for electric vehicles. The investment will be funded by internal resources of Tai Sin's subsidiary, Lim Kim Hai Electric. Tai Sin's shares fell 0.9% to S$0.55 following the announcement.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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