Kaishan Stock: The company does not have the information on the 200MW, $300 million geothermal power generation equipment order circulating on the internet.

date
22/07/2026
Regarding the question from investors about the "Is the order of 200MW, worth 300 million US dollars for geothermal power generation equipment, true?" Kai Shan Corporation stated on the interactive platform on July 22 that the company does not have information on the rumored order of 200MW, worth 300 million US dollars for geothermal power generation equipment. However, an agreement between the company's subsidiary OME and partner Power Planet stipulates that in the development of EGS resources in the Star Peak geothermal block, no less than 200 megawatts will be developed and the power station will use all power generation equipment provided by Kai Shan. This agreement has already been officially announced by the company.
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Individual investors in South Korea are once again buying high-leverage contract for difference (CFD) in large quantities. Data from the Korea Financial Investment Association shows that as of July 21, the CFD position size in South Korea has increased to about 33 trillion won (approximately 22 billion US dollars), nearly two-thirds higher than a year ago. The data shows that SK Hynix and Samsung Electronics have become the most concentrated leveraged bets for individual investors in South Korea. Over the past year, SK Hynix's CFD position has surged by nearly 2500% to 235 billion won, while Samsung Electronics' CFD position has expanded to about 217 billion won, five times higher than before. CFDs allow investors to obtain full risk exposure to underlying assets with only about 40% margin, but investors do not actually hold the stocks. Analysts point out that when the market falls and triggers margin calls, banks may sell the underlying stocks they hold to hedge risks, thereby amplifying market volatility. Market concerns arise from the potential for CFD risks to combine with financing and securities lending, leveraged ETFs, and other products, leading to a chain reaction of forced liquidation during market corrections. The Korea Capital Market Institute indicated that if a large number of leveraged positions are concentrated in the same direction and investors are unable to replenish margin, forced liquidation could further exacerbate market volatility. In 2023, South Korea experienced a market crash due to the concentration of individual investors' CFD positions, leading to multiple stocks hitting the daily limit down and triggering regulatory measures. Analysts believe that as individual investors in South Korea increase high-leverage trading again, similar risks are once again coming under market scrutiny.
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