Low-profile family business Tek Seng Holdings Bhd
is hoping for a transformation of sorts even as its loss-making solar business is due to receive a shot in the arm from Taiwan-based Solartech Energy Corp (SEC) which will pump RM100mil worth of assets into the company.
If everything goes as planned, the Penang company’s solar business, which is one of the two core businesses of the firm alongside polyvinyl chloride (PVC), should return to the black by June next year after it digests its new investments, group executive chairman Loh Kok Beng says.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
