Pimpinan Ehsan enters second supplemental agreement, announces regularisation plan

KUALA LUMPUR: Pimpinan Ehsan Bhd (PEB) has entered into a second supplemental and restated share sale agreement (supplemental SSA II) with B.Grimm Power (Malaysia) Sdn Bhd, reNIKOLA Sdn Bhd, Boumhidi Adel and Tengku Zaiton Sultan Abu Bakar on the proposed acquisition of reNIKOLA Holdings Sdn Bhd and its subsidiaries.

In the supplemental SSA II, PEB, among others, has agreed to acquire two additional solar power assets located in Kuala Muda, Kedah and Machang, Kelantan along with the parcels of land where the assets sit on.