Jentayu secures SC approval for acquisition of Telekosang Hydro and Jentayu Solar assets

KUALA LUMPUR: Main Market listed Jentayu Sustainables Bhd has received key approval with conditions from the Securities Commission Malaysia (SC) regarding the acquisition of Telekosang Hydro and Jentayu Solar assets, which is a major milestone towards the group transforming into a renewable energy player.

The company said in a filing with Bursa Malaysia today that its application to the SC regarding the proposed acquisition of hydro assets, junior bonds, and a solar asset has been approved under Section 214(1) of the Capital Markets and Services Act 2007, subject to certain terms and conditions.