reNIKOLA gets new substantial shareholder

reNIKOLA Holdings managing director Boumhidi Adel (pic) said with the completion of the subscription agreement, “another piece of the puzzle falls into place as we forge ahead in our quest to be a leading pure play RE group in the country”.

PETALING JAYA: Pure play renewable energy (RE) company, reNIKOLA Holdings Sdn Bhd has a new substantial shareholder, B.Grimm Power Malaysia Sdn Bhd (B.Grimm Malaysia), which is a 100%-owned subsidiary of B.Grimm Power Public Co Ltd (B.Grimm Power).

In a statement yesterday, reNIKOLA said that B.Grimm Malaysia owns 45%-interest in the enlarged share capital of reNIKOLA Holdings pursuant to the completion of subscription of news shares by B.Grimm Malaysia in the latter.