en.Wedoany.com Report on Mar 26th, Sunview Group Berhad announced that its indirect wholly-owned subsidiary, SAM 2 Sdn. Bhd., has accepted bank financing of RM170 million from Bank Kerjasama Rakyat Malaysia Berhad to support the development of a solar photovoltaic project.

The financing package, accepted on March 25, 2026, comprises Term Financing-i 1 (RM63 million), Term Financing-i 2 (RM62 million), and Bank Guarantee-i (RM45 million), totaling RM170 million. The funds will primarily be used to finance the acquisition and construction of a 50 MW solar photovoltaic power plant located in Pahang.

Term Financing-i 1 will cover up to 90% of the project acquisition costs, while Term Financing-i 2 will support up to 85.57% of the construction costs. The Bank Guarantee facility will be utilized to issue a performance bond to the national energy company. The tenure for the term financing is set at 15 years, including a 24-month grace period from the first disbursement, and is subject to annual review by the bank.

From a financial perspective, Sunview stated that this financing is not expected to affect its issued share capital or shareholder structure. However, the company anticipates that its debt-to-equity ratio will increase from 1.82 times to 3.54 times upon utilization of the financing. Despite the increased leverage, the company expects the financing to contribute positively to future earnings as the solar project becomes operational and begins generating revenue.

Sunview's board of directors confirmed that none of its directors or major shareholders have any direct or indirect interest in this financing and emphasized that accepting the financing is in the best interests of the Group. This development marks a significant step in Sunview's ongoing expansion in the renewable energy sector, reinforcing its commitment to solar project development in Malaysia.