Penang's Tek Seng, Taiwan's Solartech in RM100m deal

KUALA LUMPUR: Tek Seng Holdings Bhd has entered into a memorandum of understanding (MoU) with Taiwan-listed Solartech Energy Corp, which will invest RM100mil in a subsidiary of Tek Seng.

In a filing with Bursa Malaysia, Tek Seng said under the MoU, Solartech would invest in Tek Seng’s 86.1% owned-subsidiary, TS Solartech Sdn Bhd.