PETALING JAYA: QL Resources Bhd
’s move to up its stake in Boilermech Holdings Bhd will have minimal financial impact, but is long-term positive from an environmental, social and governance (ESG) perspective.
With the ESG criteria gaining importance amongst investors, the proposed acquisition is a good fit for QL’s current ESG efforts and growth strategy, said analysts.
Boilermech has a footprint in clean energy, given its business operations involving boilers, which generate energy from biomass. The company has also ventured into solar energy through the purchase of a solar company in May this year.
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