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PETALING JAYA: Malaysia's renewable energy (RE) sector is set to enter another phase of accelerated growth following the launch of the large-scale solar 6 (LSS6) programme.
Sunview Group Bhd's recent proposed disposal of its stake in Winstar Capital Bhd will help crystallise its investment in Winstar and allow capital redeployment into the group's core business of solar engineering, procurement, construction and commissioning (EPCC), says TA Research.
PETALING JAYA: Sunview Group Bhd's indirect wholly-owned subsidiary, Vafe System Sdn Bhd has sold its 22.44% equity interest in Winstar Capital Bhd (WCB) or 70,034,999 ordinary shares for RM30.1mil at 43 sen per share.
Sunview Group Bhd (KL:SUNVIEW) has proposed to dispose of its entire 22.44% stake in Winstar Capital Bhd (KL:WINSTAR) for RM30.1 million cash to nine investors.
PETALING JAYA: Sunview Group Bhd's indirect wholly-owned subsidiary, Vafe System Sdn Bhd has sold its 22.44% equity interest in Winstar Capital Bhd (WCB) or 70,034,999 ordinary shares for RM30.1mil at 43 sen per share.
WHILE its RM1.7 billion debt restructuring has bought Cypark Resources Bhd (KL:CYPARK) breathing room, it still faces a stark reality: it must grow earnings fast enough to outrun the liabilities that continue to languish on its balance sheet.
The restructuring lowered the integrated ren...
Utilities sector
OVERWEIGHT
TA SECURITIES (MAY 25): The Ministry of Energy Transition and Water Transformation launched the Sustainable Rebate and Incentive Assistance (SuR...
Pekat Group Bhd (KL:PEKAT) said its large-scale solar project in Kulai, Johor, awarded in October, has more than doubled in capacity to 135MWac and it has secured another RM100.86 million contract for additional works.
The Sustainable Rebate and Incentive Assistance (SuRIA) Home initiative is expected to sustain residential solar adoption momentum despite lower incentives compared to the previous SolaRIS scheme, which supported by rising electricity costs, automatic fuel adjustment (AFA) surcharges and growing electric vehicle (EV) adoption, says Rakuten Trade head of equity sales Vincent Lau.
At Tasik Kenyir, Malaysia's largest man-made lake in Terengganu, Cypark Resources Bhd is undertaking one of its most technically demanding jobs – a RM1.96bil engineering, procurement, construction and commissioning (EPCC) contract for a 595MW floating solar farm with a battery energy storage system.
PETALING JAYA: Sunview Group Bhd's balance sheet reset remains on track, according to TA Research, as the solar engineering, procurement, construction, and commissioning (EPCC) player continues to pare down borrowings and shore up funding for its expanding renewable energy pipeline.
Sunview Group Bhd (KL:SUNVIEW) said it will be seeking its shareholders’ mandate to dispose of the company's 22.44% stake in aluminium products maker Winstar Capital Bhd (KL:WINSTAR).
THE recent rise in solar panel prices, triggered by China’s removal of export tax rebates, has drawn renewed scrutiny over cost pressures faced by engineering, procurement, construction and commissioning (EPCC) contractors, most of which have little control over the price of their largest cost co...