Azmi & Associates is delighted to announce our role as legal counsel and strategic advisor in a groundbreaking joint venture through a private finance initiative,bringing together Gamuda Berhad, Sabah Energy Corporation Sdn. Bhd. (SEC), and Kerjaya Kagum Hitech JV Sdn. Bhd. (KKHJV), a wholly-owned subsidiary of Conlay Land Sdn. Bhd.
Our Partners, Zuhaidi Mohd Shahari and M. Inamul Hassan Shah, in collaboration with our dedicated team of Associates, played an instrumental role in guiding Gamuda Berhad toward the establishment of a joint venture (JV) company named UPP Holdings Sdn. Bhd. The purpose of this venture is to develop a 187.5MW hydroelectric power plant located in Tenom, Sabah. In this JV, Gamuda Berhad will be the major shareholder, holding a 45% stake, followed by SEC (40%) and KKHJV (15%).
Our team’s expertise extended to the meticulous preparation of all legal documentation and conducting a comprehensive due diligence exercise, ensuring the successful completion of this transformative joint venture. This pioneering transaction not only enhances Sabah’s electricity generation capacity but also aligns with Gamuda Berhad’s commitment to advancing environmental, social, and governance (ESG) goals.
If you require any legal assistance or wish to explore our services further, please do not hesitate to visit our website, email us, or contact our office directly.
Azmi & Associates is dedicated to serving as your comprehensive corporate solution center for all your legal needs. We look forward to serving you.
Link to the report: https://theedgemalaysia.com/node/688175.