https://theedgemalaysia.com/node/674754 The above depicts the potential earnings of biogas power plants. Seal has started with investing in 10MW initially which may translate into RM15m earnings a year based on a very rough estimation. Hopefully more RE investments to come.
Informative article very good approach towards data you provides good work. May all your dreams come true and may you find happiness and success in all your endeavors. Best wishes to you always. https://productscrack.com/
Informative article very good approach towards data you provides good work. May all your dreams come true and may you find happiness and success in all your endeavors. Best wishes to you always. https://productscrack.com/
Seal Incorporated Bhd is diversifying into solar project engineering, procurement, construction and commissioning (EPCC) by subscribing for ordinary and preference shares of MSR Green Energy Sdn Bhd (MSRGE) in a RM15m deal which could see it raising its stake in the solar EPCC outfit to 20%. The proposed subscription is a related party transaction, as MSRGE is 50.96%-owned by KVC Corp Sdn Bhd, which is in turn linked to Seal’s 29.22% shareholder Aaron Chen Khai Voon. The injection comes a little over six months after Chen, who has direct and indirect interest of 12.32% in Genetec Technology Bhd, emerged as a substantial shareholder in Seal back in July 2023. (The Edge)
Upon the Subscription Shares being allotted to the Company, the Company will have an equity stake of 20% in MSRGE. MSRGE shall have the right to convert the MSRGE ICPS to ordinary shares in MSRGE at a conversion ratio of one (1) new ordinary share in MSRGE for every one (1) MSRGE ICPS as and when MSRGE allot and issue any ordinary share to other shareholders of MSRGE, so that the Company’s 20% equity stake in MSRGE will be maintained at all times.
The Proposed MSRGE Investment will also provide an avenue for Seal Group to progressively transform into an environmental, social and governance (“ESG”) entity which will accord Seal Group with greater recognition and support amongst investors, in particular among the larger institutional investors who invest based on ESG criteria. Every year, about 43% of climate finance (USD30.6 billion) flowing from developed to developing countries is channelled to Asia.
MSRGE, with a solid track record in commissioning more than approximately 140MWp solar PV, expects to benefit from the above programme launched by the government as these new quotas will come with EPCC works which is one of MSRGE’s key strength. The key management of MSRGE also equipped with experience in commissioning the floating solar PV in Malaysia as well as the large-scale solar which will provide competitive advantages to MSRGE in EPCC jobs bidding for the solar PV quota launched by the government.
MSRGE also aims to become a RE assets owner and venture into EPCC for other RE technologies.
In essence, SEAL will transform into a Renewable Energy player which will ride on the robust and growing RE business sector for the next 5 years especially in relation to the on-going booming development of data centers which normally prefer to be partially powered by solar energy in order to be in compliance with the ESG requirements.
https://theedgemalaysia.com/node/702050 This article may help explain why it is good to capitalize and ride on the data centre industry which should be blooming for the next 5 years given that Artificial Intelligence (AI) has become more and more important in all industries. AI needs a lot more of data centres which also need a lot more of solar power to comply with ESG thingy. Malaysia is also an ideal place for data centres due to abundance of sunlights and relatively cheap land. https://klse.i3investor.com/web/stock/substantial-shareholder/4286
The Group is currently focusing on the Queensville Phase 2 construction project located in Bandar Sri Permaisuri, Kuala Lumpur (“Queensville”) and a property development project in Penang, Bayan Suites. Queensville with an estimated gross development value RM806 million comprises of 3 blocks of service apartments with a total of 972 units of service apartments and a shopping mall while Bayan Suites with an estimated gross development value of RM204 million comprises of 20 units of shop lots and 326 units of residential units. Queensville is expected to bring in revenue to the Group in the next quarter while Bayan Suites is expected to be launched in the 4th quarter of FY2024.
Your informative article reflects a commendable approach to handling data, showcasing your diligent work. May your aspirations be fulfilled, and may joy and triumph accompany you in all your pursuits. Best wishes to you, always
Your informative article showcases a commendable approach to handling data, reflecting your dedication to quality work. I extend my best wishes for the realization of all your dreams, and may happiness and success accompany you in every endeavor. Wishing you continuous success and fulfillment in all your pursuits.https://doramaswow.me/
The Board wishes to announce that the Proposed MSRGE Investment has been completed on 8 April 2024 in accordance with the terms and conditions of the Subscription Agreement.
Upon completion of the Proposed MSRGE Investment, MSRGE has become a 20%-owned associated company of Seal. The Proposed MSRGE Investment is expected to benefit the Group from the prospects, potentials, and growth of the renewable energy industry in Malaysia and contribute positively to the earnings of the Group in the future.
MSRGE is expected to undertake various EPCC works for solar and renewable energy segment. MSRGE is principally involved in the business of installation and servicing of solar PV system, renewable energy projects management, consultancy and construction, electrical works and any other ancillary business.
Good news. Effectively the group is going into the development of a green digital park which will mean developing an industrial park for data centers and other green technology companies. The green digital park will likely be the catalyst for the company to experience powerful growth in the next 3 years given that the mushrooming of data centers in Johor which is benefiting from its close proximity to Singapore which will also need to have more data centers to support and maintain its advanced economy state in the future.
Now it is going acquire another 10% stake for RM21m.
Hence, it is quite obvious that MSR Green Energy must hold great potential in the foreseeable future given that the valuation for the company has almost tripled within a short 6 months' period. Just hope that SEAL would shed more light in its soon to be released quarterly earning result on the prospect and earning potential of MSR.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
alenac
2,648 posts
Posted by alenac > 2023-08-18 16:58 | Report Abuse
Bilis following speculative gurus will be in panic mode soon as the market will turn down and syndicates will move to other counters.