Vsolar jumps 13.33% on inking MoU to develop solar energy generation facility
KUALA LUMPUR: Vsolar Group Bhd shares jumped 13.33% at mid-morning today after its unit signed a memorandum of understanding (MoU) with Mattan Engineering Sdn Bhd to conduct a feasibility study for the development of a solar energy generation facility in Seremban.
At 10.02am, Vsolar rose 1 sen to 8.5 sen for a market capitalisation of RM32.82 million.
Vsolar said the facility will be developed on a parcel of land, measuring 121.4ha, that belongs to Permaju Industries Bhd’s wholly-owned subsidiary Genbayu Gemilang Sdn Bhd.
tags: MoU solar energy Vsolar