Citaglobal acquires majority stakes in two hydropower projects for RM15mil

Citaglobal executive chairman and president Tan Sri Mohamad Norza Zakaria

PETALING JAYA: Citaglobal Bhd is acquiring majority stakes in two hydropower projects in Perak for RM15mil.

In a statement, the company said it is acquiring a 70% stake in Zeqna Corporation Sdn Bhd for RM15mil and a 70% equity interest in Koridor Mentari Sdn Bhd for RM1, conditional upon the completion of Zeqna’s acquisition.