In today’s briefing:
- Dai Nippon Printing – Activism On Easy Street
- VFlowTech Nets US$10M to Take Its Vanadium-Based Redox Flow Battery to Japan, US, Turkey
Dai Nippon Printing – Activism On Easy Street
- Dai Nippon Printing’s announcement that it would double its RoE target in its next MTP was a pleasant surprise.
- Together with saucy hints that future buybacks could be the biggest in its history this has propelled the stock to a post-2007 high.
- We think Elliott has found an easy win here and consider this likely to end as a standout success for activism in Japan.
VFlowTech Nets US$10M to Take Its Vanadium-Based Redox Flow Battery to Japan, US, Turkey
- VFlowTech, a vanadium-based redox flow (VRF) battery company in Singapore, has announced a US$10 million Series A funding round
VFlowTech will use the funds to set up a 200MWh production line capacity and scale up the manufacturing of its 250 kWh modular vanadium-based long-duration energy storage solutions.
A portion of the new capital will be used to expand into Turkey, the US, Japan and India.
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