G-Cast inks 10-year coal ash deal
Published on: Wednesday, August 15, 2018
Kuala Lumpur: Chin Hin Group Bhd's indirect wholly-owned unit, G-Cast Concrete Sdn Bhd, has entered into a coal ash offtake agreement with Tanjung Bin Power Sdn Bhd (TBP), a subsidiary of Malakoff Corporation Bhd.In a filing with Bursa Malaysia on Tuesday, Chin Hin said the deal would enable G-Cast to collect the bottom ash and fly ash (collectively known as coal ash) from TBP's coal fired power station plant in Tanjung Bin, Johor, on a non-exclusive basis for 10 years.Stay up-to-date by following Daily Express’s Telegram channel.
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"Once all the conditions have been met, the agreement shall be effective and valid for a period of 10 years, with an option to extend for an additional three years or any period to be agreed by both parties," it said. – Bernama
