Springview Holdings Partners with GSO New Energy for Singapore Solar Housing Initiative
Springview Holdings (NASDAQ: SPHL) has entered a strategic memorandum of understanding with Jiangsu GSO New Energy Technology, targeting Singapore's residential housing market with solar photovoltaic systems and energy-efficiency technologies. The collaboration aligns with Singapore's carbon-reduction goals while employing an asset-light business model.
Under the agreement, Springview will manage project delivery, while GSO contributes technical expertise and product solutions. Pilot programs will gauge homeowner adoption before scaling the initiative. The deal marks a notable expansion of Springview's design-and-build services, currently trading at $2.25 per share with an 8.17% YTD gain despite recent volatility.