Environment Friendly Holdings Corp. [3777.T]
TOKYO, May 21 (Pulse News Wire) – Environment Friendly Holdings Corp. (3777.T) announced today that its board of directors approved a business alliance agreement with Script Energy Co., Ltd.
The pact aims to enhance long-term corporate value through joint efforts in renewable energy-based digital infrastructure projects such as mining, battery storage, and AI data centers. Under the agreement, both companies will collaborate on strategic planning, operational support, and risk assessment for these initiatives. Specifically, they plan to explore cost-effective power solutions, integration models involving natural gas and renewables, site development strategies, system design, and market trend analysis. Additionally, Script Energy’s expertise in land acquisition and power-related investments complements Environment Friendly Holdings’ operational capabilities, facilitating a comprehensive approach from project launch to revenue generation.
Script Energy, founded in 1946, currently holds capital of ¥2.269 billion (as of March 31, 2026). As part of the deal, Environment Friendly Holdings will allocate 285,000 subscription rights (potential shares 28,500,000) to Script Energy upon issuance of the 23rd tranche of third-party allotment warrants. However, the agreement does not involve direct equity stakes or management influence between the two entities. Key milestones include contract signing, and planned commencement of operations on June 8, 2026.
The impact on Environment Friendly Holdings' performance remains under evaluation, and any significant outcomes will be disclosed promptly.
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