Darco to give up solar energy, focus on core businesses
Singapore
DARCO Water Technologies, which relaunched itself some two years ago following an embezzlement debacle at one of its subsidiaries, on Tuesday updated shareholders on its strategy and future plans - saying it intends to focus on its core businesses in its traditional areas of environmental systems and water management services, and give up its recent investment into solar energy.
The group had previously announced plans to venture into the solar power industry on a "small scale" due to - among other things - business opportunities in the solar power industry. These plans were spearheaded by its then-CEO and founder Thye Kim Meng.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Binance founder Zhao Changpeng gets four months in prison
Apple set for big sales decline as investors await AI in iPhones
Microsoft, Brookfield to partner on renewable energy projects
UK house prices fall again after mortgage rates creep higher
Why the yen is so weak and what that means for Japan
UAE's top bank FAB beats Q1 profit estimates