Cypark to allocate RM200mil for capital expenditure


KUALA LUMPUR: Cypark Resources Bhd will allocate up to RM200mil for capital expenditure (capex) for financial year ending Oct 31 (FY18) on projects related to the concession businesses that it had secured recently.

Group chief executive officer Datuk Daud Ahmad said the projects included a RM260.51 mil contract for works related to a large-scale solar photovoltaic plant, as well as its Ladang Tanah Merah waste-to-energy (LTM WTE) 25-megawatt power plant, both in Negeri Sembilan.

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Business , Cypark

   

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