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Vsolar gets 100% ownership in renewable energy unit
by Cals Mon 15 Jun 2015, 01:16
Vsolar gets 100% ownership in renewable energy unit
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By Joshua Lim / theedgemarkets.com | June 12, 2015 : 4:22 PM MYT
KUALA LUMPUR (June 12): Vsolar Group Bhd announced that [size=14]Vsolar Engineering Sdn Bhd is now a wholly-owned subsidiary of the company.
In a filing to Bursa Malaysia today, Vsolar (fundamental: 1.65; valuation: 0) said Vsolar Engineering director Chieng Siong Kuong had transferred one share in Vsolar Engineering to VSolar yesterday (June 11).
The share represents 50% of Vsolar Engineering, which will be involved in engineering, procurement and construction work for the renewable energy industry.
Last week, Vsolar said the company and Chieng held one share each in Vsolar Engineering. Vsolar said Chieng was authorised to subscribe for one Vsolar Engineering share on behalf of Vsolar.
Today, Vsolar shares, the most-actively traded stock across the exchange, declined 1.5 sen or 9% at 4:06pm to 16 sen, for a market capitalisation of 48.56 million.
The stock saw some 43 million shares exchanged.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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By Joshua Lim / theedgemarkets.com | June 12, 2015 : 4:22 PM MYT
KUALA LUMPUR (June 12): Vsolar Group Bhd announced that [size=14]Vsolar Engineering Sdn Bhd is now a wholly-owned subsidiary of the company.
In a filing to Bursa Malaysia today, Vsolar (fundamental: 1.65; valuation: 0) said Vsolar Engineering director Chieng Siong Kuong had transferred one share in Vsolar Engineering to VSolar yesterday (June 11).
The share represents 50% of Vsolar Engineering, which will be involved in engineering, procurement and construction work for the renewable energy industry.
Last week, Vsolar said the company and Chieng held one share each in Vsolar Engineering. Vsolar said Chieng was authorised to subscribe for one Vsolar Engineering share on behalf of Vsolar.
Today, Vsolar shares, the most-actively traded stock across the exchange, declined 1.5 sen or 9% at 4:06pm to 16 sen, for a market capitalisation of 48.56 million.
The stock saw some 43 million shares exchanged.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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