West River Berhad Acquires 95% Stake in Ace Hydropower for RM850,000
West River Berhad's subsidiary, Neutron Power Sdn. Bhd., has signed a Share Sale Agreement to acquire a 95% stake in Ace Hydropower Sdn Bhd for RM850,000. This acquisition involves 47,500 ordinary shares, making Ace Hydropower an indirect subsidiary. The deal follows a previous announcement on September 17, 2025, and is contingent on meeting certain conditions.
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West River Berhad's indirect subsidiary, Neutron Power Sdn. Bhd., has entered into a Share Sale Agreement to acquire 95% of Ace Hydropower Sdn Bhd for RM850,000. This acquisition encompasses 47,500 ordinary shares, and upon completion, Ace Hydropower will become an indirect subsidiary of West River.
The deal updates a prior announcement from September 17, 2025, with adjustments made to the number of shares following project timeline compliance. Completion is subject to conditions including satisfactory due diligence and regulatory approvals, with no adverse changes to Ace Hydropower's operations. This acquisition aligns with West River's strategy for sustainable growth.
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