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PUCF subsidiary enters into new agreement

23 Jun 2015 10:00

RNS Number : 9396Q
Resource Holding Management Limited
23 June 2015
 

 

23 June 2015

 

Resource Holding Management Limited

("RHM" or the "Company")

 

PUCF subsidiary enters into renewable energy agreement

 

 

The Board of RHM (AIM:RHM) notes the announcement made on 22 June 2015 by PUC Founder (MSC) Berhad ("PUCF") regarding MaxGreen Energy Sdn. Bhd. ("MESB"), a wholly-owned subsidiary of PUCF, entering into a renewable energy power purchase agreement with Tenaga Nasional Berhad ("TNB"), under which MESB is to supply and deliver solar photovoltaic renewable energy to TNB for a Feed-in Tariff concession period of 21 years.

 

For further information, a copy of PUCF's announcement can be found here:

 

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4779297

RHM's wholly-owned subsidiary, RedHot Media International Limited, currently holds 493,168,402 ordinary shares in PUCF, which represents 46.28% of PUCF's issued share capital and 36,215,840 warrants to subscribe for new PUCF shares.

 

 

For further information please contact:

 

Resource Holding Management Limited

Cheong Chia Chieh

Tel: +852 8192 6166

 

Allenby Capital Limited (Nominated Adviser and Broker)

Tel: +44 (0)203 328 5656

Nick Athanas / Alex Brearley

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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