<div><div><p>[SINGAPORE] Power distribution solutions provider Tai Sin Electric has entered into a share subscription agreement to acquire a 25 per cent stake in charging station contractor EV Mobility on Friday (Aug 1).</p><p>Lim Kim Hai Electric (LKHE) – a Tai Sin subsidiary –  has subscribed for 333,333 new ordinary shares of EV Mobility for S$1.5 million. No independent valuation was conducted on EV Mobility for the share subscription, with the consideration determined by both sides based on business prospects and the projected financial performance of EV Mobility, as well as the anticipated growth in demand for charging facilities. </p><p>The move is in line with Tai Sin’s strategy to leverage the growth of the electric vehicle (EV) ecosystem in Singapore and expand into sustainable and future-oriented businesses.</p><div><div><div><div id="dfp-ad-imu1"></div></div></div></div><p>EV Mobility provides electrical charging stations for EVs, software to manage EV chargers, and an app for EV drivers to locate and charge their vehicles at the stations. The company’s customers include commercial and residential properties such as Fu Lu Shou Complex, Oxley Bizhub and Gem Residences. </p><p>The share subscription will be funded by internal resources of LKHE. 
</p><p>Shares of Tai Sin closed down 0.9 per cent or S$0.005 at S$0.55 on Friday.</p></div><div><section><section><p>Copyright SPH Media. All rights reserved.</p><div>Reuse this contentFeedback</div></section></section></div><div><div><div><div id="dfp-ad-imu2"></div></div></div></div></div>

台新电缆

<p>台新电缆已签署股份认购协议，以 150 万新元收购电动出行 25% 的股份。这项收购与台新在新加坡电动汽车生态系统扩展的战略相一致。电动出行专注于为电动汽车提供充电站及相关软件。该投资将由台新子公司林金海电气的内部资源资助。公告发布后，台新股价下跌 0.9%，至 0.55 新元</p>

台新电缆将收购充电站承包商 25% 的股权