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Bright outlook for renewable energy a boon to firm
KUALA LUMPUR: Kumpulan Powernet Bhd has proposed on Tuesday a plan to issue new shares to its substantial shareholders and other investors, as the company seeks to raise funds for recently secured construction projects.
kUALA LUMPUR: Kumpulan Powernet Bhd is targeting to increase its order book to RM1bil in six months after securing its first major project under the new management led by businessman Datuk Mohd Abdul Karim Abdullah
PETALING JAYA: Kumpulan Powernet Bhd has secured a US$40.7mil (RM174.5mil) contract from Zhenghong Building Road & Bridge Construction Co Ltd for the civil works of two hydropower energy plants in Laos.
KUALA LUMPUR: Kumpulan Powernet Bhd (KPower) has clinched its first engineering, procurement, construction and commissioning (EPCC) contracts in Indonesia for hydro power plants worth RM54.6mil.
KUALA LUMPUR (Bernama) -- Kumpulan Powernet Bhd (KPower) today signed a share sale agreement with Sabaka Group Sdn Bhd to acquire 2.19 million shares, or a 51%, in Sabaka’s wholly-owned unit, Chemtrax Sdn Bhd for RM10 million.
KUALA LUMPUR: The new substantial shareholders in Kumpulan Powernet Bhd, led by billionaire Datuk Mohd Abdul Karim Abdullah, have taken management control of the company.
KUALA LUMPUR: The new management at Kumpulan Powernet Bhd is seeking opportunities to expand into the energy, utilities, infrastructure and logistic sectors after the company posted a turnaround its last quarter.