Solarvest Holdings Berhad invests RM12.375 million in Hartanah Kenyalang Berhad
Type: Investment · Technology: Other · Country: Malaysia · Value: $12.38M · Announced: 2026-05-29
Solarvest Holdings Berhad subscribed for 45,000,000 new ordinary shares in Hartanah Kenyalang Berhad (HKB) via a private placement exercise for RM12,375,000, fully funded through internally generated funds. HKB is principally involved in building and infrastructure construction services with a focus on projects in Sarawak, possessing a track record in government infrastructure and public facility projects. This investment aims to strengthen Solarvest's integrated clean energy ecosystem in East Malaysia and reinforce its market leadership by expanding its presence and capabilities in the region. The deal aligns with Malaysia's National Energy Transition Roadmap and Sarawak's Post COVID-19 Development Strategy 2030, which promotes renewable energy and sustainable industrial development.
Counterparties
- Solarvest Holdings Berhad (Investor)
- Solarvest (Investor)
- Hartanah Kenyalang Berhad (Borrower)