JUST months before Pimpinan Ehsan Bhd (PEB) would have completed the acquisition of reNIKOLA Holdings Sdn Bhd, a significant development is taking place.
Thailand-listed energy player B.Grimm Power Public Co Ltd is now poised to become a major shareholder of reNIKOLA after it proposed to pump in some RM367mil in cash into the latter for a 45% stake.
So, when reNIKOLA is eventually injected into PEB, as per the original plan first announced in May this year, B.Grimm Power will emerge with a 40.6% stake in PEB.
...