HNG Capital's First Investment in Taiwan through Acquisition of 60% Equity Interest in GUH Renewable Energy Sdn Bhd
On 2 March 2021, HNG Capital Sdn Bhd, the parent company of Leader Energy, has entered into a new market and partner with GUH Holdings Bhd Group of companies, which involved the acquisition of 9,180,000 ordinary shares or 60% equity interest in GUH Renewable Energy Sdn Bhd (“GUHRE”).
GUHRE owns 100% of GUH Renewable Energy Co., Ltd in Taiwan Republic of China, and is planning to undertake a 90MW floating solar project in Tainan and various small-scale ground and rooftop solar projects of approximately 4.29MW across Taiwan.
Dato’ Sean H’ng Chun Hsiang, Group CEO of HNG Capital and Director of Leader Energy said “This marks our first investment in Taiwan and first step outside of Southeast Asia in our pursuit of renewable energy opportunities and meeting our goal to be a substantially green energy player.”
Related link:
