Tag: ACROMEC
ACROMEC announces share swap with biomass-to-energy JV partner, Nutara Investment for joint ownership of Neo Tiew Power through Acropower
Catalist-listed ACROMEC Limited (“ACROMEC”, or the “Company” and together with its subsidiaries, the “Group”), has announced that it has on 11 November 2021 implemented a share swap, in which Nutara Investment Pte Ltd (the “JV Partner”) would exchange its 30% direct shareholdings in Neo Tiew Power Pte Ltd (“Neo Tiew Power”), for 30% direct shareholdings in Acropower Pte Ltd (“Acropower”). For information, Acropower is the vehicle for the Group to carry out its strategic diversification plans into the renewable energy sector. The share swap, on completion, effectively places Nutara Investment as a fellow shareholder of Acropower, joining ACROMEC and Green ... Read more