KUALA LUMPUR: OCK Group Bhd
has entered into a conditional investment agreement with Zelestra Corporacion SAU (Zelestra) and Solarpack Asia Sdn Bhd (SPK Asia), marking its entry into a 116 megawatt (MW) operational solar photovoltaic plant located in Sungai Petani, Kedah.
In a Bursa Malaysia filing, OCK said the proposed investment, with an indicative enterprise value of RM350 million subject to adjustments, involves acquiring a stake in SPK Asia, which owns 49 per cent of Solarpack Suria Sungai Petani Sdn Bhd (3SP). JKH Renewables Sdn Bhd holds the remaining 51 per cent of 3SP.
