's unit Rhong Khen Timbers Sdn Bhd has entered a memorandum of understanding with Advancecon Solar Sdn Bhd to develop a rooftop solar photovoltaic system under the net energy metering scheme at the former's premises in Ajil, Terengganu.Under the terms of the agrement, Advancecon will construct, own and operate a 1,815KWp solar photovoltaic system on the rooftop of Rhong Khen's premises.
However, upon the expiry of the supply agreement with renewable energy (SARE) between Rhong Khen, Advancecon and Tenaga Nasional Bhd
, ownership and maintenance of the solar photovoltaic system will be transferred to Rhong Khen.At 12.30pm, shares in Latitud Tree were up 19 sen to RM2.20 on a very low volume of trading.