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Reservoir Link Energy signs term sheet for stake purchase in renewable energy SPV


has entered into a term sheet for the proposed acquisition of a 51% stake in a new special purpose vehicle (SPV) to undertake solar renewable energy projects in Malaysia.
The identified business and identified assets of Solar Bina Engineering Sdn Bhd valued at RM41.5mil, will be injected into the target company by Eric Lee Seng Chi, the sole shareholder and managing director of Solar Bina.
According to the filing with Bursa Malaysia, Solar Bina is currently involved in the provision of implementation of solar photovoltaic projects for residential, commercial and industrial properties and large scale solar PV plants.
This includes the supply and installation of solar mounting system and other engineering works involving civil, structural, mechanical and electrical engineering works. ....

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RLEB comes out strong despite challenges in industry


In a filing with with Bursa Malaysia, RLEB said there were no comparative figures for the preceding quarter and previous year’s corresponding period, as this was the fourth interim financial report on the consolidated results announced by the company, in compliance with the ACE Market listing requirements of the local bourse.
(RLEB) reported a net profit of RM7.52mil for its fourth quarter ended Dec 31,2020, on revenue of RM22.08mil.
In a filing with with Bursa Malaysia, RLEB said there were no comparative figures for the preceding quarter and previous year’s corresponding period, as this was the fourth interim financial report on the consolidated results announced by the company, in compliance with the ACE Market listing requirements of the local bourse. ....

United Kingdom , Malaysia General , Thien Chiet Chai , Reservoir Link Energy Bhd , Reservoir Link Energy , Bursa Malaysia , Corporate News , Reserve Link Energy Bhd , ஒன்றுபட்டது கிஂக்டம் , மலேசியா ஜநரல் , நீர்த்தேக்கம் இணைப்பு ஆற்றல் ப்ட் , நீர்த்தேக்கம் இணைப்பு ஆற்றல் , பெருநிறுவன செய்தி , இருப்பு இணைப்பு ஆற்றல் ப்ட் ,