QL’s green push

Last Thursday, QL entered into an unconditional share acquisition agreement with Boilermech’s managing director, Leong Yew Cheong, (pic) to acquire 20.64 million shares or 4% of its total issued shares.

PETALING JAYA: QL Resources Bhd’s move to up its stake in Boilermech Holdings Bhd will have minimal financial impact, but is long-term positive from an environmental, social and governance (ESG) perspective.

With the ESG criteria gaining importance amongst investors, the proposed acquisition is a good fit for QL’s current ESG efforts and growth strategy, said analysts.