PETALING JAYA: Sunview Group Bhd
’s indirect wholly-owned subsidiary, SAM 2 Sdn Bhd, has accepted banking facilities of RM170mil from Bank Kerjasama Rakyat Malaysia Bhd.
In a filing with Bursa Malaysia, the company said the financing facility consists of three parts, namely, Term Financing-i 1 (TF-1), Term Financing-i 2 (TF-2) and Bank Guarantee-i (BG-i) amounting to RM63mil, RM62mil and RM45mil, respectively.
Sunview said TF-1 will be utilised to part finance up to RM63mil or 90% (whichever is lower) of SAM 2’s tender price for the acquisition of 50MW solar photovoltaic plant in Pahang, from PKNP Reneuco Suria Sdn Bhd.
Meanwhile, TF-2 will be utilised to part finance up to RM62mil or 85.57% (whichever is lower) of the construction costs to fully complete the solar plant.
