CORREC HOLDINGS extends gains as entry into grid-scale battery storage business sparks rebound
CORREC HOLDINGS Inc. <6578> extended gains to a second straight session, finding support at its 75-day moving average and entering a rebound phase following a sharp ex-dividend decline on Aug. 28.
While primarily operating websites focused on real estate brokerage and gaming guides, CORREC has actively pursued business diversification. Against this backdrop, CORREC disclosed after the market close yesterday its entry into the grid-scale battery storage business and the acquisition of battery storage facilities.
Through this business, CORREC aims to promote renewable energy utilization and grid stabilization, seeking to establish a medium-to-long-term earnings base and sustainably enhance corporate value.
To launch the business, CORREC plans to acquire grid-scale battery storage equipment, enter into EPC (engineering, procurement, and construction) agreements with electrical contractors, and proceed with facility construction.
These developments drew buying from investors expecting further upside.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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