Greentronics says Tujuan RE power project is development-stage, targets first 15 MW operations on Jan. 1, 2028

Bitget2026/10/02 09:09

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Greentronics issued clarifications on its RM 2 million purchase of 51% of Tujuan RE for a hybrid power project.
Project remains in development. No construction start date. Land not yet leased. Commercial operations for 15 MW assumed on Jan. 1, 2028.
Valuation pegged the 51% stake at RM 64.42 million. Pricing implies a 96.90% discount due to approvals, land, offtake, financing risks.
Estimated total development cost cited at about RM 349.93 million. Funding options include internal cash, borrowings, contractor interim funding.
Acquisition not expected to trigger diversification rules yet, given the RM 2 million outlay and lack of revenue from Tujuan RE.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greentronics Technology Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3711462) on October 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Greentronics says Tujuan RE power project is development-stage, targets first 15 MW operations on Jan. 1, 2028

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