KUALA LUMPUR, April 20 (Bernama) -- Citaglobal Bhd and Reneuco Bhd will set up a new special purpose vehicle, Citaglobal Reneuco ECRL Energy Solution Sdn Bhd, with the new shareholding structure after both companies formalised the consortium agreement related to the East Coast Rail Link (ECRL) project's independent power producer (IPP). In a filing with Bursa Malaysia today, Citaglobal said the company would lead the SPV consortium with a 60:40 shareholding, which previously was 50:50. 'The initial share capital of this consortium company shall be RM500,000, where Citaglobal shall contribute RM300,000 (60 per cent) and Reneuco shall contribute RM200,000 (40 per cent) respectively,' the company said.
https://www.bernama.com/en/business/news.php?id=2183454#bernama