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MSB Global's subsidiary, MSB Machinery, signed a Memorandum of Understanding with Zhejiang GSP&DC to explore energy storage opportunities in Malaysia. The agreement focuses on evaluating market potential and customer demand for various energy storage applications, utilizing Zhejiang GSP&DC's battery technology and MSB Machinery's local market presence.

Both parties will form working teams for market studies and business development, while specific projects will be subject to further agreements. The collaboration aims to enhance energy storage solutions as Malaysia advances its renewable energy agenda.