Monday, 13 Dec 2021 09:47 PM MYT
In a filing with Bursa Malaysia, BTM Resources Bhd said the lease agreement signed by its wholly owned subsidiary, would be satisfied by RM3.96 million cash. BTM Resources said the proposed lease is in line with the group’s strategies to diversify its income streams into other businesses with promising growth prospects to supplement BTM’s existing businesses and to mitigate the risks of relying on current ongoing businesses.
The close proximity of the Teluk Kalong land to the PPU and feedstock supply in the vicinity makes it an ideal location to construct the power plant.
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