KUALA LUMPUR: Solar District Cooling Group Bhd will continue to focus on strengthening its operating foundation, executing ongoing projects, expanding recurring income opportunities and delivering sustainable long-term value to shareholders.
The group’s strategic partnership with Solarvest Holdings Bhd is expected to further support access to broader green energy opportunities by combining Solar District’s specialised building management systems (BMS) capabilities with wider renewable energy solutions.
Further, the group aims to enhance its systems by integrating Internet of Things (IoT) and cloud-based capabilities, enabling customers to monitor energy consumption and carbon footprint more effectively through real-time analytics.
At its third annual general meeting, Solar District obtained shareholders’ approval for all ordinary resolutions tabled.
Shareholders received the company’s Audited Financial Statements for the financial year ended Dec 31, 2025 (FY25), together with the directors’ and auditors’ reports.
Shareholders also approved the payment of directors’ fees and benefits payable to the non-executive directors from June 24, 2026, until the date of the next AGM to be held in 2027.
In addition, shareholders approved the re-election of Liuk Ing Hong, Wong Poh May and Liew Kong Fatt as directors, reflecting continued confidence in the board’s leadership, governance oversight and strategic guidance.
Shareholders further approved the re-appointment of Messrs Reanda LLKG International PLT as the auditors for the ensuing year and authorised the directors to fix their remuneration.
As part of the special business of the AGM, shareholders approved the directors’ authority to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016.
The mandate provides the group with the flexibility to issue up to 10.0% of the total issued shares, subject to all relevant regulatory approvals, for funding current and future investment projects, working capital requirements, and potential acquisitions.
Solar District managing director Edison Kong said the group is grateful for the continued trust and support from its shareholders.
“The approval of all resolutions at our 3rd AGM reflects shareholders’ confidence in the group’s governance, business direction and long-term growth strategy.
“We remain focused on building a stronger operating platform, strengthening project execution and pursuing growth opportunities that are aligned with Malaysia’s energy transition agenda,” he said.
Solar District is an established provider of BMS, solar thermal systems and energy-saving services.
Kong said the demand for energy-efficiency and renewable-energy solutions continues to be supported by national policies such as the National Energy Transition Roadmap and the Energy Efficiency and Conservation Act.
“With our core capabilities in BMS, solar thermal systems, energy saving services and solar PV solutions, Solar District is well-positioned to participate in the structural growth of sustainable infrastructure in Malaysia,” he said.
