HK Stock Market Move | PENGO HLDG GP (01865) rises over 4%, plans to set up a joint venture in Shenzhen to invest in supramolecular (deep eutectic) new energy technology R&D
PENGO HLDG GP (01865) rose over 4%. As of press time, it was up 4.16% at HK$2.255, with a turnover of HK$140 million.
PENGO HLDG GP (01865) rose over 4%, up 4.16% as of press time at HK$2.255, with turnover of HK$140 million.
On the news front, PENGO HLDG GP announced that on November 10, 2026, the company signed a cooperation framework agreement letter of intent with Changzhou Qianmu New Energy Co., Ltd. The cooperation will cover product development, business consulting services, marketing and technological innovation. The two parties plan to establish a joint venture in Shenzhen and invest in supramolecular (deep eutectic) new energy technology R&D, and on this basis carry out diversified business cooperation.
In the battery field, the two parties plan to jointly develop lithium metal battery products with high safety and high energy density, targeting high-value special application scenarios such as drones, aerospace, and electric vertical take-off and landing aircraft (eVTOL); simultaneously promote the industrialization and external output of deep eutectic flame-retardant electrolyte technology, and jointly develop high-safety energy storage system solutions suitable for industrial and commercial scenarios.
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