BM Greentech formalises conditional SAA to acquire Plus Xnergy for RM110mil

KUALA LUMPUR: Biomass boiler company BM Greentech Bhd (BMG) and solar firm Plus Xnergy Holdings Sdn Bhd (PXH) have formalised a conditional share acquisition agreement (SAA) to fulfil the term sheet requirements in BM Greentech’s RM110 million acquisition of Plus Xnergy Holdings.

In a filing with Bursa Malaysia today, BMG said the acquisition of RM110 million encompasses 66.6 million ordinary shares representing 100 per cent equity interest in PXH.