Solarvest acquires 30% stake in SMSB

Solarvest said the acquisition aligns with its five-year roadmap.

PETALING JAYA: Solarvest Holdings Bhd is acquiring 450,000 shares, representing a 30% stake in SIW Manufacturing Sdn Bhd (SMSB), for RM36mil.

In a filing with Bursa Malaysia, Solarvest said it had entered into a share sale agreement with SMSB’s shareholders, Chan Chee Wei and Voon Sin Choo, for the stake acquisition.