PETALING JAYA: Yinson Holdings Bhd
’s plan to acquire a 37.5% stake in India’s Rising Solar Energy (RSE) marks the group’s entry into the Renewable Energy (RE) space with a brownfield, cashflow-proven concession business.
Maybank Investment Bank (IB) Research, which said it was “positive” on the deal, noted that the investment was financially accretive, albeit small, with a good entry price point for a RE venture.
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