Nestcon signs MoU on solar PV collaboration


KUALA LUMPUR: Nestcon Bhd has inked a memorandum of understanding with Nam Heng Safety Glass Sdn Bhd to explore opportunities to develop solar photovoltaic facilities at Nam Heng's properties.

In addition, the parties will explore the supply of safety glass by Nam Heng to potential projects undertaken by Nestcon.

Nestcon said in a filing with Bursa Malaysia the MOU is expected to contribute positively to its earnings and net assets upon the successful implementation and execution of the proposal.

As at 12.30pm, shares in Nestcon were trading one sen or 2.38% higher at 43 sen a share on the back of 4.72 million units traded

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Nestcon , solar , Nam Heng Safety Glass , MoU

   

Next In Business News

PJD Link seeks public listing on Bursa Malaysia via RTO
Ringgit falls against US$ at close
SCB admitted into PN17 status
FBM KLCI snaps eight-day losing streak, broader market stays negative
TSR to dispose of Port Dickson property for RM23.8mil
EP Manufacturing gets Miti licence to make electric bikes
Oil rebounds 3% as Opec+ weighs biggest output cut since 2020
Malaysia's economy not in crisis, growth trajectory remains positive - BNM governor
NCT inks MoU to explore Microsoft's cloud, data management solutions for NSIP
There is more to the country's economy, not just the ringgit - BNM governor

Others Also Read