OCK Group to invest RM350mil into solar PV entity

Quick Summary:

OCK Group Bhd has entered into a conditional investment agreement to invest RM350mil in Solarpack Asia Sdn Bhd (SPK Asia), and indirectly in Solarpack Suria Sungai Petani Sdn Bhd (3SP), of which SPK Asia holds a 49% stake in.

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OCK Group said the investment would be funded through internally generated funds and bank borrowings.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: SolarInvestment Corporate News SolarEnergy OCKGroup RenewableEnergy PowerPurchase /Business/Business News LSS3

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 366 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24337421

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