RE: POWER CHINA - A Very Useful Partner On Board27 Feb 2024 06:33
I post POWECHINA recently received Award from Bangladesh Govt and probably part of PR move for acceoyabke link to announcing Phulbari develoment.
Also we see Bangladesh is one of "core markets in its global business scope".
"In Bangladesh, POWERCHINA has completed 20 projects and 24 Projects are ongoing"
"POWERCHINA is a contributor to promoting Bangladesh's Economic Growth and social security and played an important role in enhancing the livelihood & life standard of the local people, strengthening the cooperation between Bangladesh and China"
"As of today, POWERCHINA has provided 14,568 job positions through projects in Bangladesh"
Source: en.powerchina.cn/2022-10/c_818524.htm
Think everyone can see how influential Power China is in country and at the top Govt level - it is GCMs partner and has renewed its agreement with the company.
The reasons will be based on much better Intel then we shareholders have but key is in the statement of discussions between parties and the New Energy Plan about to be reveal.
The background Economic situation backs this up - there is NO alternative!
Clever ones are accumulating I think - make your own investment decisions!
🦉