B.Grimm Power invests 2.8 Billion Baht to acquire 375MW solar power plants in Malaysia

B.Grimm Power Malaysia Sdn. Bhd., a 100% owned subsidiary of B.Grimm Power, has entered into a Subscription Agreement with reNIKOLA Sdn. Bhd. and reNIKOLA Holdings Sdn. Bhd., or equivalent to 45% of total shares, and regarding this, B.Grimm Malaysia is also entitled to directly invest 3.5% of total shares in RE Gebeng BKH Sdn. Bhd. (a company which has been developing 375 MWdc solar power plant) with a total purchase price of MYR 367 million or approximately 2,888 million baht.