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Citaglobal has a positive catalyst from its proposed 70% acquisition of Zeqna, with the purchase price reduced from RM15 million to RM14.5 million. The deal would give Citaglobal exposure to an operating 6MW hydropower plant backed by a long-term PPA with TNB,
Positive development for Citaglobal. The RM29m portion secured by LAWI may not be very large, but the significance is in its proven Waste-to-Energy technology continuing to win projects in Thailand.
With LAWI already having an established track record in the country, this latest contract further validates its technical capability and strengthens Citaglobal’s position in the environmental solutions space.
More importantly, it gives the group a stronger platform to capture more Waste-to-Energy opportunities across Southeast Asia as demand for greener waste management solutions continues to grow.
This LAWI deal confirm Citaglobal tech legit and open door for more big contracts across Southeast Asia so the long term growth story look quite solid leh.
Fresh RM82.1m job not bad, but I see it more as adding depth to order book. Got more work lined up means revenue visibility less dependent on one big project
