Dnonce ... Mar10

It is venturing into renewable energy and green technology in partnership with a foreign party and a prominent local player.

The venture, via newly established D’nonce Energy Sdn Bhd, would have US$10 million (RM33.9 million) in external financing.

D’nonce’s foreign partner was a prominent energy player with technical expertise in renewable energy while the local partner was also well established in the field. Their partnership would be formalised soon.

This is a totally new sector which will increase group revenue substantially in the future.

Its E&E sector will still be its core business as it constitutes 60% of its business and the board has approved RM3.5 million in capital investment to expand its packaging facilities in Bangkok and Haadyai while the rest will be for the organic expansion of its other sectors