The Board of Directors of Pekat (“Board”) wishes to announce that its wholly-owned subsidiary, Solaroo RE Sdn Bhd (“SRSB”), had on 26 August 2022 obtained a Moneylender license issued under the Moneylenders Act 1951 and the Moneylenders (Control and Licensing) Regulations 2003 (“the License”) from the Ministry of Housing and Local Government (“the Ministry”).

The License shall be valid for a period of two (2) years effective from 26 August 2022 and it is renewable upon the renewal application is made with the Ministry.

The License allows SRSB to undertake business of money lending services in relation to solar leasing and other related services.

This announcement is dated 5 September 2022.