23 Jun 15 – Press Release – PUC Actively Traded, Solar Plant Boosts Market Confidence

PUC Actively Traded, Solar Plant Boosts Market Confidence

PETALING JAYA, 23 June 2015PUC Founder (MSC) Berhad (“PUC Founder” or the “Company”), (ACE market listed, stock code: 0007), is one of the top 10 most actively traded stock on Bursa Malaysia today with a trading volume of 67.47million shares. At 5pm today, the share price closed at RM0.135 (+0.005), an increment of 3.8% from the opening price of RM0.130. The market remains highly optimistic and full of anticipation as PUC Founder works towards realising the transformation plans.

Subsequent to the announcement made yesterday, PUC has entered into power purchase agreement with Tenaga Nasional Berhad (“TNB”) for 21 years. This had boosts the market confidence and shares have been actively traded.

Group Managing Director, Mr. Cheong Chia Chieh commented, “The 1MWp solar PV plant is our first step to realizing our transformation goal. Now we have the experience and knowledge, we are ready for a much bigger plan. Going forward, we will speed up the researching process of our 50MW solar PV plant, we are in the process of locating a suitable land, and when all the preparation has been completed, we will be ready to hand in our application to SEDA.”

Issued By: Management of PUC Founder (MSC) Berhad