30 Jan 2024

Joint venture between HEXA Renewables Malaysia Sdn. Bhd. and UEM Lestra Berhad

Partners Favian Tan and Janice Pui from the Capital Markets / Mergers & Acquisitions Practice Group, alongside Partner Shemane Chan from the Construction & Projects, Energy & Resources Practice Groups acted for HEXA Renewables Malaysia Sdn. Bhd., a portfolio company of I Squared Capital, in its joint venture with UEM Lestra Berhad, a wholly-owned subsidiary of Malaysia's sovereign wealth fund Khazanah Nasional Berhad, and ITRAMAS Corporation Sdn. Bhd. to develop a 500-megawatt hybrid solar plant in Malaysia. Partners Por Chuei Ying and Lim Siaw Wan from Christopher & Lee Ong supported on the Malaysian legal aspects of the transaction.