AsiaPhos 5WV says it is exploring “potential transactions” that may involve investing in or acquiring a renewable energy business. The potential transaction will allow it to diversify into new businesses or growth areas as well as supplement the group’s existing businesses, says the company in its April 13 statement.
At present, the transactions have not materialised, with the company currently in discussions and negotiations with a third party.
More updates will be made in due course, says AsiaPhos. At present, no definitive agreements have been executed yet, it adds.
Shares in AsiaPhos closed flat at 0.9 cent on April 13.
