Lim Kent Vui's comment on RENEUCO. All Comments
Lim Kent Vui
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Forced selling price sold to sunview :3
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Nizam
ya, value is worth around 300mil-400mil, sold only 70mil?
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Lim Kent Vui
Forced-sale / receiver sale
Seller: PKNP Reneuco (in receivership)
Receiver: KPMG Corporate Restructuring
Sale via tender
Price is decided by receiver + creditors, not by original owner
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N Tina
Rumor has it that the owner was willing to sell for only around RM10 million. An additional RM50–RM120 million was required to complete the project. Moreover, the acquirer is buying without a PPA, so at this time, it’s unlikely to be worth more than RM100 million.
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Alan Tam
if really no ppa and incomplete project then it will look like abandoned solar farm lolz
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N Tina
They may negotiate a new PPA with TNB, as the existing PPA could be tied to the vendor. If this is unsuccessful, the project would carried little economic value, making it a significant risk for the acquirer.
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