Reservoir Link Energy proposes 51% stake purchase in solar renewable energy provider

KUALA LUMPUR: Reservoir Link Energy Bhd has entered into a term sheet for the proposed acquisition of a 51% stake in a new special purpose vehicle (SPV) to undertake solar renewable energy projects in Malaysia.

The identified business and identified assets of Solar Bina Engineering Sdn Bhd valued at RM41.5mil, will be injected into the target company by Eric Lee Seng Chi, the sole shareholder and managing director of Solar Bina.