KUALA LUMPUR (Jan 16): Pimpinan Ehsan Bhd (KL:PEB) has secured a final extension to submit its regularisation plan following the submission of its written representations to Bursa Securities. “In the opinion of Bursa Securities, adequate time and opportunity had been accorded to Pimpinan Ehsan to regularise its condition since the first announcement on May 31, 2018,” the filing read. Pimpinan Ehsan, formerly TRIplc Bhd, has been working for several years to inject income-generating solar power assets through the acquisition of renewable energy group reNIKOLA Holdings Sdn Bhd. In addition to the share issuance, Pimpinan Ehsan will also undertake a private placement of 80 million new shares. Post the regularisation exercise, Pimpinan Ehsan has proposed to acquire reNIKOLA’s interest in a solar plant in Bukit Kayu Hitam, Kedah, for RM218 million and B.Grimm is to subscribe for new shares in the new-look Pimpinan Ehsan for RM214.5 million.

Source: The Edge Markets January 16, 2026 13:41 UTC