April 30, 2024 (MLN): Treet Battery Limited (PSX: TBL) has entered into a new strategic venture with Hexing Energy (Private) Limited, a subsidiary of Hexing Electrical Co Ltd, which is prominently listed on the Shanghai Stock Exchange.
TBL disseminated this information through a notice issued to the Pakistan Stock Exchange today.
Hexing Electrical Co Ltd is recognized as one of the leading manufacturers of solar inverters, smart electric meters, and other sustainable energy solutions in China.
"This memorandum of understanding marks the beginning of what we anticipate to be a fruitful collaboration," the notice reads.
The agreement sets the stage for both companies to explore extensive business opportunities and enhance our offerings in the energy sector.
This partnership is not only a testament to Treet Battery Limited's commitment to innovation and sustainability but also positions the company to better meet the evolving needs o its customers and stakeholders, it said.
"We are enthusiastic about the potential this collaboration holds for growth and the positive impact it will have on our operations and market presence," it further added.
