TD Holdings, Inc. Enters Into A $165M Procurement Agency Agreement
Portfolio Pulse from Happy Mohamed
TD Holdings, Inc. (NASDAQ:GLG) has entered into a $165M procurement agency agreement with Shenzhen Jintongyuan Energy Storage Technology Co., Ltd. for procuring cobalt materials, a key component of battery energy storage. This move is expected to diversify TD Holdings' service portfolio and increase its presence in the renewable energy sector.
August 24, 2023 | 12:36 pm
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TD Holdings' new procurement agreement for cobalt materials could diversify its service portfolio and increase its presence in the renewable energy sector, potentially leading to increased revenues.
The procurement agreement for cobalt materials, a key component of battery energy storage, could significantly expand TD Holdings' service portfolio and increase its presence in the renewable energy sector. This could potentially lead to increased revenues and a positive impact on the company's stock price in the short term.
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