ADIB Holdings Limited completed a total equity investment of US$100 million in TNB Genco, a subsidiary of Tenaga Nasional Bhd (TNB), a Malaysian national energy company, to expand its renewable energy portfolio. ADIB will be partnering on PV and wind investments in existing markets in Malaysia and the UK, as well as new markets such as Spain and Vietnam.
Read MoreIn accordance with the requirements of the financial authorities, the ADIB Group has conducted a financial and operational self-examination. The Board of Directors approved the implementation of a new financial, risk control and compliance system with effect from 4 April 2023. The newly appointed financial authorizers will also assume their duties from that date.
Read MoreAs decided by the Board of Directors, ADIB Investment Management Ltd. and ADIB Confiance Management Ltd. will jointly contribute US$50 million to establish a new energy industry fund to invest in proposed new green energy projects. ADIB Confiance Management Ltd. is a wholly-owned company of ADIB Holdings Limited and currently manages trust assets of approximately HK$1.5 billion.
Read MoreBy resolution of the Board of Directors of the Asian Development and Investment Bank (ADIB), Jin Jiayu was appointed as the Assistant to the President of the ADIB, and Wang Aimin was removed as the Assistant to the Chairman of the ADIB.
Read MoreAsia Development & Investment Bank has signed an agreement with China All Access (HK00633) to invest in and subscribe to newly issued shares of China All Access, becoming a major strategic shareholder. The investment funds are intended to accelerate industrial upgrading and transformation, invest in new energy businesses, develop 5G communication solutions, and provide operating capital.
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