PETALING JAYA: Eco World Development Group Bhd
(EcoWorld Malaysia) is selling 32.9 acres of industrial land to Deye New Energy for RM119mil.
In a statement, EcoWorld Malaysia said the land is located at Eco Business Park II in Senai, Iskandar Malaysia.
EcoWorld Malaysia deputy chief executive officer Liew Tian Xiong said the deal demonstrated the continued appeal of the group’s Eco Business Parks to Chinese industrialists, particularly those in new economy, high-tech and high-growth sectors.
“As a leading manufacturer of comprehensive solar photovoltaic systems, Deye’s presence here perfectly aligns with our aims to work with companies that make a positive contribution to lowering our collective carbon footprint,” he pointed out.
Deye is part of Ningbo Deye Technology Co, a Chinese producer of power inverters, that has announced plans to invest up to US$150mil in a new manufacturing base for solar equipment in Malaysia.
Ningbo Deye is one of China’s high-tech enterprises and a major player in the global solar inverter market.
