Nextgreen Global Bhd has secured a RM400 million funding from Asia Capital Investment Fund (ACIF) for investment in green technology projects. This comes after the group terminated its memorandum of understanding with China Nuclear Industry Huaxing Construction Co Ltd for the cooperation to develop and manage Phase 2 and 3 of the Green Technology Park (GTP) Pekan Project. Nextgreen told Bursa Malaysia that it had on October 16 entered into an investment agreement with ACIF, where the RM400 million will be injected into several special purpose vehicle (SPV) companies to be incorporated and 100% owned by Nextgreen.

Posted by

The Sun Daily