KUALA LUMPUR: Malaysia's Agape ATP Corporation has signed a collaboration agreement with B&H Intec Solution Sdn Bhd to focus on delivering comprehensive energy-saving solutions.
The alliance aligns with its commitment to driving green energy initiatives, said the Nasdaq-listed Agape ATP said.
Agape ATP said B&H's founder and management team will join its newly-relaunched subsidiary, ATPC Green Energy Sdn Bhd, as executive officers, leading the energy-saving solutions portfolio.
They will also become shareholders in ATPC Green Energy, gaining an equity stake of 30 per cent.
"This partnership allows ATPC Green Energy to leverage B&H's expertise, customer base, and leadership, while aligning the interests of B&H's founders through shareholding, supporting the long-term growth of the energy-saving solutions business," ATPC said in a statement.
B&H, a total building solutions provider, brings over 14 years of experience in facilities mechanical and electrical (M&E) services, specialising in building tailored green retrofits and building maintenance.
Known for integrating the latest sustainable technologies into building management solutions, B&H's expertise in monitoring systems, energy-saving retrofit and upgrading, preventive maintenance service, energy-saving consulting and outsourcing services will be instrumental to ATPC Green Energy.
Accumulatively, B&H has achieved contract values of more than US$10 million (RM47 million), underscoring its capability and trust within the industry.
Agape ATP founder and global group chief executive officer Prof Datuk Seri Dr How Kok Choong said the company aims to address urgent energy demand by providing innovative energy-saving solutions across major sectors, leveraging the extensive expertise of B&H leadership team.
By combining both their resources and expertise, he believes that ATPC Green Energy is well-positioned to drive energy efficiency initiatives across multiple sectors.
"ATPC Green Energy is looking to provide innovative energy-saving solutions to various sectors, including hospitality, insurance, government, semiconductor, retail and manufacturing.
"Collaboratively, we are in the midst of pitching for a US$2 million project, and we are optimistic about our prospect," How added.