Pestech's unit to dispose of transmission system project in Cambodia for US$118mil

KUALA LUMPUR: Pestech International Bhd’s 60 per cent indirect-owned subsidiary Diamond Power Ltd (DPL) has proposed to dispose of its 230kV Kampong Cham-Kratie Transmission System project to Cambodian Transmission II Co Ltd (CTL II) for US$118 million (US$1=RM4.727).

For this, DPL and CTL II, a wholly owned subsidiary of Leader Transmission Ltd, has entered into a business transfer agreement (BTA).