<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>

台新電纜

<p>台新電纜已簽署股份認購協議，以 150 萬新元收購電動出行 25% 的股份。這項收購與台新在新加坡電動汽車生態系統擴展的戰略相一致。電動出行專注於為電動汽車提供充電站及相關軟件。該投資將由台新子公司林金海電氣的內部資源資助。公告發布後，台新股價下跌 0.9%，至 0.55 新元</p>

台新電纜將收購充電站承包商 25% 的股權