KUALA LUMPUR: Sunview Group Bhd
announced that Winstar Capital Bhd has received approval for its listing on the ACE Market from Bursa Malaysia Securities Bhd.
Vafe Systems Sdn Bhd, an indirect wholly-owned subsidiary of Sunview, holds a 30% stake in Winstar Aluminium Manufacturing Sdn. Bhd.
The company is expected to be listed by the fourth quarter of 2024.
Winstar and its subsidiaries are involved in extruding aluminium profiles, fabricating aluminium ladders, trading building materials, and installing solar photovoltaic (PV) systems, along with selling related materials and accessories.
Sunview Group's executive director and group chief executive officer, HP Ong said the company's investment in Winstar aligns seamlessly with its strategy to solidify the supply chain and enhance cost efficiency.
“In addition, by supporting Winstar’s expansion, we can also maintain greater control over the quality and availability of essential components, such as the aluminium mounting structures. This strategic move will further strengthen our position in the RE landscape. We look forward to Winstar’s successful listing in the near future."
