Monday 22 Apr 2024
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KUALA LUMPUR (Oct 18): Meta Bright Group Bhd has secured four conditional letters of offer for a solar programme involving mosques in Kuantan, Pahang, according to its Bursa Malaysia filing on Wednesday.

The group said its fully owned subsidiary FBO Land (Setapak) Sdn Bhd will exclusively design, finance, install, build, commission, operate and maintain solar photovoltaic generating plants for four mosques in the district.

They are Masjid Al Makmur Batu 10 Gambang, Masjid Jamek Kem Batu 8 Jalan Gambang, Masjid Saidina Uthman Ibnu Affan Bukit Rangin and Masjid Fatimah Az Zahra Indera Sempurna.

It also said that FBO has received no objections from Majlis Ugama Islam dan Adat Resam Melayu Pahang (MUIP), with MUIP issuing a letter of no objection that allows the company to access potential sites across Pahang as needed.

“We are delighted to announce the securing of these four contracts which are a clear demonstration of our commitment to make real on Meta Bright’s recently signed memorandum of understanding with KKIPB (Koperasi Kakitangan Istana Pahang Bhd).

“We are excited to make the first step in this thousand-mile sustainability journey with KKIPB, and look forward to continuing it with them with hopes to progress our efforts across all of Pahang.

“With tangible progress to realising the collective vision of bringing sustainable solutions to Pahang’s non-profit institutions, we believe this collaboration with KKIPB is also a model that can be repeated with other states and religious organisations,” said Meta Bright executive director Derek Phang.

Meanwhile, the group said its current year-to-date order book in the renewable energy segment is expanding at a staggering rate of more than 100% as compared to 2022.

“This is all thanks to our team who continue to secure quality contracts, focusing not just on short-term targets, but crucially on commercially acceptable long-term recurring earnings for the group,” Phang said.

Meta Bright shares closed 0.5 sen or 1.96% higher at 26 sen, giving the group a market capitalisation of RM615 million.

Edited ByLam Jian Wyn
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