A UNIT of AC Energy Corp. (ACEN) is acquiring a 49% interest in the Vietnamese solar energy platform of a Thai company ahead of their plan to build solar power plants across Southeast Asia.
In a stock exchange disclosure on Wednesday, ACEN said its subsidiary in Vietnam and a unit of Thailand’s Super Energy Corp. Plc. Co. Ltd. are to form a “strategic partnership to develop, own and operate renewable energy projects across the Association of Southeast Asian Nations (ASEAN).”
AC Energy Vietnam Investments Pte. Ltd. (ACEV) forged a share purchase agreement to acquire a 49% interest in Solar NT, which is a solar energy platform owned by the Thai firm’s subsidiary Super Energy Group (Hong Kong) Co., Ltd.
“The transaction will be via secondary shares acquisition for a total consideration of US$165 million,” ACEN said in the…
ACEN to buy 49% stake in Vietnam solar energy platform
