VSOLAR GROUP BERHAD [631995-T] (Formerly known as Fast Track Solution Holdings Berhad) UNAUDITED INTERIM FINANCIAL REPORT FOR SECOND QUARTER ENDED 30 JUNE 2014 10 | P a g e B3. Current year prospects – cont’d Notwithstanding the opportunity in digital content creation, the Group had diversified its business into renewable energy and media publishing. The Group had entered into a Renewable Energy Power Purchase Agreement on 1 August 2013 with Tenaga Nasional Berhad (“TNB”) for the sale and delivery of 500KW solar renewable energy to Tenaga Nasional Bhd for a concession period of 21 years. Vsolar is also realigning its business strategy along the current Malaysia Government Renewable Energy Policy. SEDA is expected to announce and open up more Feed-in-Tariff (FiT) quotas in the coming year and Vsolar shall continuously bid in SEDA Malaysia's FiT tender and grow its current solar power generation plant from 500KW to maximum limit allowed by individual company. Additionally, the Group had also entered into a business agreement with Integrate Solar Farm Sdn Bhd to build & construct a 500KW Solar Plant for the generation of green electricity.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Seasick85
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Posted by Seasick85 > 2014-11-15 10:56 | Report Abuse
It will bounce back once asiabio bounce back...