SafeXun International (01953): Affiliated to sign a general engineering contract for solar photovoltaics and energy storage systems in the Democratic Republic of the Congo

According to Zhitong Finance App, SafeXun International (01953) announced that recently SafeXun Global Co., Ltd., a subsidiary of a Japanese company, has signed an engineering, procurement and construction contract (general engineering contract) for a solar photovoltaic and energy storage system (project) located in the Democratic Republic of the Congo. The total contract amount is approximately US$41.4 million, including the first phase of approximately US$22.3 million and the second phase of approximately US$19.1 million. The scope of work of the project includes design, procurement of equipment and materials, multimodal transportation to the project site, construction, installation, commissioning, grid connection, performance testing and related maintenance services.

The company has been actively exploring new opportunities for business expansion and strategic upgrading. The company believes that continuing to utilize its advantages in industrial and infrastructure construction projects and breaking the layout of the Malaysian single market region is the driving force for the company's further development. The company's business development has been strategically planned, and it is believed that the following business expansion and strategic upgrading directions can further expand the company's revenue sources and enter high-growth industries and regions: (i) on the basis of continuing to focus and develop the current industrial and infrastructure construction fields, further focus on the new energy power plant construction contract business to seize the rapid growth opportunities in the new energy power plant construction contract (EPC) market; and (ii) further expand the business area from Malaysia to other countries in Southeast Asia and Africa. Thus diversifying the risk of single market operations and opening up a wider market space.