ILB Group to acquire Malaysian solar business, assets
- Admin
- Jul 21, 2024
- 1 min read
Malaysia-based investment holding company ILB Group Berhad plans to acquire Armani Sinar Sdn Bhd and its solar assets for MYR 98 million. The acquisition aims to increase market shares and operational capabilities, granting access to marketing and technical management teams. ILB's solar asset capacity is expected to expand from 13 MW to 30 MW, resulting in enhanced revenue generation. The acquisition is set to be finalized by the first quarter of next year.
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