Sunview Group Berhad together with Warrants RE Assets Sdn. Bhd., Intechcity Construction Sdn. Bhd. and Pasir Lembayung Sdn. Bhd. has acquired 100% shareholding in Provectus Bioenergy Sdn. Bhd.
Post acquisitions, Sunview will own 20% in Provectus Bioenergy while the rest of the Purchasers will own the remaining 80.0%. Provectus Bioenergy is a private limited company principally engaged in the operation of generation facilities that produce electric energy.
The acquisition is undertaken through Sunview’s internal generated funds and is expected to be completed by the second quarter of 2023.
Sunview Group Berhad chief executive officer & executive director Ong Hang Ping said, “We are delighted to announce that we are venturing into the biogas renewable energy industry with the acquisitions of Provectus Bioenergy which is in line with the Group’s expansion plans into other renewable energy industry as disclosed in the recent initial public offering prospectus. This acquisition is our first venture into the biogas renewable energy industry and will serve as our launch pad to many more biogas renewable energy project to come in the future
