KOTA KINABALU: China-based Kibing Group has committed to build a new RM7.2bil solar glass manufacturing plant in the Kimanis area, about 40km south of the Sabah capital, with the exchange of documents with two state government-linked companies.
The first was the exchange of the sublease agreement between the group’s subsidiary SBH Kibing Solar New Energy (M) Sdn Bhd and Fokasrama Sdn Bhd, a wholly-owned subsidiary of the Sawit Kinabalu Group.The sublease agreement will pave the way for the development of a state-of-the-art solar glass manufacturing plant, set to become one of the largest facilities of its kind in the region.
