NUR Power, which is the exclusive power utility firm for KHTP, will be providing solar energy of 25mw in 2023, and up to 75mw by 2026 to AT&S through a 21-year power purchase agreement (PPA), the companies said in a joint statement
The project known as Arcadia comprises two 21-storey blocks, with 315 units each, together with retail lots, the group said in a bourse filing.
The MoU was inked between Boustead and Sinohydro Bureau 9 Co Ltd International Co, a wholly-owned subsidiary of PowerChina, on Thursday.
Quarterly earnings per share came in at 5.97 sen, from 0.66 sen in 3QFY20.
Earnings per share dropped to 1.5 sen from 1.86 sen.
JPMHL was involved in the operations of Maxcourt Hotel in Changchun, Jilin, China but the hotel had ceased operations since 2014 and is currently in liquidation.
The contract is for 18 months from Dec 1, 2021 until May 31, 2023.
Property development profit, however, rose in the quarter, which the group attributed to the acquisition of a subsidiary, Maxitanah Sdn Bhd.
The property in question is Block 12, Corporate Park, Star Sentral @ Cyberjaya.
“The main worry is of course another wave of infections, especially after the coming festive seasons and holidays."