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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS (I) SUPPLY AGREEMENT - RENEWABLE ENERGY BETWEEN TENAGA NASIONAL BERHAD, ARMANI ENERGY SDN. BHD. AND SCANWOLF PLASTIC INDUSTRIES SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY; AND (II) OPTION FOR SCANWOLF PLASTIC INDUSTRIES SDN. BHD. TO PURCHASE THE SOLAR PV SYSTEM FROM ARMANI ENERGY SDN. BHD.

SCANWOLF CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
(I) SUPPLY AGREEMENT - RENEWABLE ENERGY BETWEEN TENAGA NASIONAL BERHAD, ARMANI ENERGY SDN. BHD. AND SCANWOLF PLASTIC INDUSTRIES SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY; AND 
(II) OPTION FOR SCANWOLF PLASTIC INDUSTRIES SDN. BHD. TO PURCHASE THE SOLAR PV SYSTEM FROM ARMANI ENERGY SDN. BHD.

The Board of Directors of Scanwolf Corporation Berhad ("SCANWOLF" or the "Company") wishes to announce that its wholly-owned subsidiary, Scanwolf Plastic Industries Sdn. Bhd. ("SPI"), had on 26 March 2024 entered into a Supply Agreement - Renewable Energy ("SARE") with Tenaga Nasional Berhad and Armani Energy Sdn. Bhd. ("SPS Owner") for the solar photovoltaic energy generated and delivered by the Solar PV System for a term of 20 years with an Option for SPI to purchase the Solar PV System from the SPS Owner in the manner and Purchase Price as set out in the attachment.

 

Please refer to the attachment for further details.

 

This announcement is dated 26 March 2024.




Please refer attachment below.



Announcement Info

Company Name SCANWOLF CORPORATION BERHAD
Stock Name SCNWOLF
Date Announced 26 Mar 2024
Category General Announcement for PLC
Reference Number GA1-20032024-00034



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