AGAPE ATP Company Explores Energy-Saving Solutions with B&H Intec Solution

KUALA LUMPUR, June 21, 2024 – (ACN Newswire) – NASDAQ-listed AGAPE ATP Company (“ATPC”), is pleased to recount the relaunch of its subsidiary, now named ATPC Green Energy Sdn. Bhd. (“ATPC Green Energy”). ATPC had entered into a collaboration agreement the day gone by, with B&H Intec Solution Sdn Bhd (“B&H”), a total constructing alternatives supplier, with a spotlight on handing over comprehensive energy-saving alternatives, aligning with ATPC’s dedication to utilizing inexperienced energy initiatives.

From left: Vincent Tan, Vice President of ATPC, Ting Wan Lock, Head of Corporate Finance, and Prof Dato' Sri Dr How Kok Choong, Founder and International Body of workers CEO of ATPC; and Chen Wei Kent, CEO of B&H, Chung Wooi Hen, Gross sales Director of B&H and Khor Hock Thong, Marketing Director of B&H
From left: Vincent Tan, Vice President of ATPC, Ting Wan Lock, Head of Corporate Finance, and Prof Dato’ Sri Dr How Kok Choong, Founder and International Body of workers CEO of ATPC; and Chen Wei Kent, CEO of B&H, Chung Wooi Hen, Gross sales Director of B&H and Khor Hock Thong, Marketing Director of B&H

B&H brings over 14 years of experience in products and companies mechanical and electrical (M&E) products and companies, specialising in constructing tailor-made inexperienced retrofits and constructing upkeep. The firm has a portfolio of extra than 1,000 customers in Malaysia, together with luxurious accommodations, significant banks, transportation hubs, authorities structures, office towers, mega browsing division stores, and healthcare centres. Identified for integrating the most recent sustainable technologies into constructing management alternatives, B&H’s experience in monitoring systems, energy-saving retrofit and upgrading, preventive upkeep service, energy-saving consulting and outsourcing products and companies will likely be instrumental to ATPC Green Energy. Accumulatively, B&H has already accomplished contract values of extra than USD 10 million (approximately MYR 47 million), underscoring their functionality and have confidence at some stage within the industry.

Mr. Chen Wei Kent, Chief Executive Officer (“CEO”) of B&H mentioned, “The likely within the energy-saving narrate is huge and untapped. Matching the reliable M&E products and companies to a ramification of companies can even end up in a notable reduction in energy consumption, or in a ramification of cases, a comprehensive inexperienced retrofit resolution may well make stronger a constructing’s energy effectivity and reducing its carbon footprint.

“The collaboration with ATPC will elevate our profile, and this can permit us to proceed to make stronger extra companies in reaching their energy-saving targets. With Malaysia’s energy put a matter to of projected to amplify by 4.8% by 2030 and electricity put a matter to of growing sooner than significant energy production, the necessity for different energy sources and energy-saving measures is pressing. In 10 years, Malaysia’s energy put a matter to of is predicted to upward thrust very a lot, from 96.3 terawatt-hours to 206 terawatt-hours (TWh).”

On this collaborative association, B&H’s founder and management crew will likely be part of ATPC Green Energy as executive officers, leading the energy-saving alternatives portfolio. They’re going to furthermore change into shareholders in ATPC Green Energy, gaining an equity stake of 30%. This partnership enables ATPC Green Energy to leverage B&H’s experience, customer low, and management, whereas aligning the pursuits of B&H’s founders via shareholding, supporting the prolonged-timeframe snort of the energy-saving alternatives industry.

Prof Dato’ Sri Dr How Kok Choong, the Founder and International Body of workers CEO of ATPC, explains, “We blueprint to tackle this pressing energy put a matter to of by providing innovative energy-saving alternatives at some stage in significant sectors, leveraging the broad experience of B&H management crew. By combining our resources and experience, ATPC Green Energy is successfully-positioned to power energy effectivity initiatives at some stage in a few sectors.”

“ATPC Green Energy is looking to create innovative energy-saving alternatives to numerous sectors, together with hospitality, insurance, authorities, semiconductor, retail, and manufacturing, and we are cushty to agree with the strong make stronger of B&H as we try to enact our mutual targets. Collaboratively, we are within the midst of pitching for a USD 2.0 million mission, and we are optimistic about our prospect.” How added.

ATPC’s dedication to the UN Sustainable Constructing Targets drives the firm to assemble a comprehensive renewable energy ecosystem in ASEAN. This contains energy-saving alternatives, solar initiatives, and a ramification of renewable technologies. The Firm hopes to invent a numerous portfolio, create bigger its energy-saving offerings, foster partnerships, and enact a notable market piece within the station.


Topic: Press launch summary


Source: AGAPE ATP Company / B&H Intec Solution Sdn Bhd

Sectors: Exchanges & Instrument, Everyday Finance, Change Energy, Funds & Equities

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