General Announcement for PLC
10/11/2021OTHERS Federal International Holdings Berhad ("FIHB" or the "Company") partners leading solar power system provider Fabulous Sunview Sdn Bhd ("Sunview") to accelerate its push into the renewable energy ("RE") business.
FEDERAL INTERNATIONAL HOLDINGS BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | Federal International Holdings Berhad ("FIHB" or the "Company") partners leading solar power system provider Fabulous Sunview Sdn Bhd ("Sunview") to accelerate its push into the renewable energy ("RE") business. |
Unless otherwise defined, the definitions and terms used in this announcement shall have the same meaning as those defined in the Company’s announcement dated 3 November 2021 (“Announcement”).
We refer to the Company’s announcement dated 3 November 2021 and hereby provide additional information as follows.
1. Details of directors and shareholders of Sunview are as follows : a. Directors – Ong Hang Ping , Chow Kian Hung and Amin Ashari Bin Shafie b. Shareholders – Ong Hang Ping (35.60%), Chow Kian Hung (23.73%), Stellar One Sdn Bhd (10.47%), FIHB (6.72%), Soh Kah Woi (6.72%), Ng Chee Yee (6.18%), Khoo Kah Kheng (6.18%), Evergreen Credit Express Sdn Bhd (2.74%) and Oon Jin Hsiong (1.65%)
2. The source of funding requirement by WREA for the acquisition of the FiT, NEM and/or LSS solar plants, and/or other RE plants (“assets”) will be determined when the cost of assets to be acquired are known, which may include a combination of internally generated funds, shareholders’ funding and/or borrowings, as appropriate after due consideration.
3. As at the date of this announcement, suitable assets to be acquired has yet to be identified. As such, we are unable to quantity the financial effects or risk factors at the moment.
4. None of the directors and/or major shareholders or person connected to the directors and/or major shareholders of FIHB have any interest, direct or indirect, in the MoU.
This announcement is dated 10 November 2021.
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Announcement Info
Company Name | FEDERAL INTERNATIONAL HOLDINGS BERHAD |
Stock Name | FIHB |
Date Announced | 10 Nov 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-10112021-00063 |