For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Company's announcement made on 21 December 2021.
Reference is made to Bursa’s email dated 23 December 2021 pertaining to the Company’s announcement made on 21 December 2021 in relation to the LOA awarded by Finesse Moulding (M) Sdn. Bhd. to Pekat Solar Sdn. Bhd., a wholly-owned subsidiary of the Company.
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The Company wishes to further announce that the Company expects to receive the down payment for the Project within one month from the signing of the LOA subject to the receipt of acknowledgement from MIDA for application of investment tax allowance.
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This announcement is dated 23 December 2021.