Chin Hin to Buy 45% Stakes in Three Solar Power Firms

July 4, 2017 / 0 Comments / in home, Solarvest News / by

KUALA LUMPUR: Building materials distributor Chin Hin
Group Bhd has proposed the acquisition of 45% stakes in three
companies for RM24.8 million to boost its involvement in the
solar power investment business.
In a ling with Bursa Malaysia, Chin Hin said the proposed
acquisitions would also grant the group opportunities to
expand its solar power investment business regionally to
tropical countries.
The group yesterday entered into a memorandum of
understanding with the shareholders of the three companies —
Atlantic Blue Sdn Bhd, Powertrack Sdn Bhd and Solarvest
Energy Sdn Bhd — to undertake the acquisitions.
The shareholders include Tan Chyi Boon, Lim Chin Siu, Tan Paw
Boon and Chong Chun Shiong.
Atlantic is principally involved in the installation of equipment
for generation of electricity by way of solar power energy, the
sale of electricity through solar generation and property
investment holdings.
Powertrack and Solarvest are associate companies of Atlantic,
and are principally involved in the engineering, procurement
and construction of solar energy.

Share this entry

        

0
 REPLIES

© Copyright 2018 - Solarvest Energy Sdn Bhd (1194560-T)  