ILB Group to acquire Malaysian solar business, assets

Malaysia's ILB Group Bhd is acquiring Armani Sinar and its solar assets for MYR 98 million ($21 million) in cash. This deal will increase its PV capacity from 13 MW to 30 MW. Malaysia-based investment holding company ILB Group Berhad has revealed plans to acquire Armani Sinar Sdn Bhd and its solar assets for MYR 98 million through its wholly owned subsidiary, IL Energy Sdn Bhd (ILE). Under proposals filed with the Bursa Malaysia stock exchange, ILE is set to acquire a 100% stake in Armani Sinar through the purchase of 1 million ordinary shares for MYR 30 million. The filing said the purchases ...

Den vollständigen Artikel lesen ...