Malaysian IPP to expand solar portfolio with new acquisitions

Malakoff Corporation Berhad, a Malaysian independent power producer (IPP), plans to acquire a 51% share in ZEC Solar and a 49% stake in TJZ Suria. It says it has already signed a share sale and purchase agreement with Zelleco Engineering. Malakoff Corporation Berhad, a Kuala Lumpur-based power company, has signed a conditional share sale and purchase agreement with Malaysian engineering company Zelleco Engineering to acquire two companies. Under the terms of the agreement, Malakoff will acquire more than 22. 3 million ordinary shares in solar developer ZEC Solar, representing 51% of its total ...

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