Malaysian billionaire Robert Kuok enters Taiwan's wind energy market

Billionaire Robert Kuok controls PPB, which is buying the stake in developer Hillcrest Gardens.

PETALING JAYA: Tycoon Robert Kuok is entering the wind energy market in Taiwan through a collaboration between two companies linked to him.

In a joint statement yesterday, Singapore-listed PACC Offshore Services Holdings Ltd (POSH) and Kerry TJ Logistics, a unit of Hong Kong-listed Kerry Logistics Network Ltd, said they were forming a joint-venture (JV) company – POSH Kerry Renewables (POSH Kerry) – in Taiwan.