KUALA LUMPUR: Sunview Group Bhd
said its indirect wholly-owned subsidiary SAM 2 Sdn Bhd has inked a conditional sales and purchase agreement to acquire a large-scale solar photovoltaic power generation plant from PKNP Reneuco Sdn Bhd, a 95%-owned subsidiary of Reneuco Bhd, for RM70mil cash.
The acquisition takes the solar facility off the hands of Reneuco, a Practice Note 17 (PN17) firm that is currently in the midst of formulating a regularisation plan.
