KUALA LUMPUR: Tek Seng Holdings Bhd
has entered into a memorandum of understanding (MoU) with Taiwan-listed Solartech Energy Corp, which will invest RM100mil in a subsidiary of Tek Seng.
In a filing with Bursa Malaysia, Tek Seng said under the MoU, Solartech would invest in Tek Seng’s 86.1% owned-subsidiary, TS Solartech Sdn Bhd.
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