Sunview Group Berhad (Malaysia)

The Company was incorporated on 25 May 2021 under Companies Act 2016, as a private limited liability company, and is domiciled In Malaysia.
The Company's principal activity is investment holding and developing innovative renewable energy technologies that can harness the power of the sun, wind and also other sources.
On 11 March 2020, the World Health Organisation declared the COVID-19 outbreak as a pandemic in recognition of its rapid spread across the globe. Many countries including the Malaysian Government imposed the Movement Control Order ('MCO'} to curb the spread of the COVID-19 pandemic. The COVID-19 pandemic also resulted in travel restriction, lockdown and other precautionary measures Imposed in various countries. The emergence of the COVID-19 pandemic since early 2020 has brought significant economic uncertainties in Malaysia and markets in which the Group operate.
The Group has performed assessments on the overall impact of the situation on the Group's operations and financial implications, including the recoverability of the carrying amount of assets and subsequent measurement of assets and liabilities, and concluded that there was no material adverse effect on the financial statements for the financial year ended 31 March 2022.
Given the fluidity of the situation, the Group will continuously monitor the impact of COVID-19 and take appropriate and timely measures to minimize the impact of the outbreaks on the Group's operations.
The history of the Group can be traced back to 2013 when Fabulous Sunview was founded by its 2 previous shareholders namely Ku Gaik Lee and Kneoh Chin Shiun as their investment venture into the RE industry, initially focusing on the EPCC of rooftop solar PV facilities for residential buildings. The Promoter, namely Chow Kian Hung, joined the company in the same year as Sales & Project Manager. Subsequently in 2015, the Promoters, namely Ong Hang Ping and Chow Kian Hung, and a business partner namely Chai Jeun Sian became shareholders of Fabulous Sunview, with Ong Hang Ping and Chai Jeun Sian also taking up directorships in the company. The Fabulous Sunview's founders and Chai Jeun Sian eventually left the company between 2015 and 2018.
Since 2019, the company have expanded the business operations from initially being an EPCC contractor mainly for rooftop solar PV facilities to an EPCC contractor subcontractor for utility-scale solar PV facilities such as LSS PV plants, mainly achieved through the development of the project implementation capabilities, hence the company credibility, throughout the years. The company also undertook strategic acquisitions between 2015 and 2019 as part of the business expansion, mainly involving companies providing installation and or subcontracting services in the RE industry. Most of these companies did not achieve the expected business outcome and were eventually disposed of by 2020.
In 2019, the company ventured into the business of investing in solar PV facilities for power generation and supply through Solarcity REIT, which was 49.00% owned by Fabulous Sunview and 51.00% owned by Suntech Energy. Subsequently in July 2020, the equity interest of Fabulous Sunview increased to 51.00% while the remaining 49.00% equity interest was held by Suntech Energy. In 2021, to consolidate the ownership in Solarcity REIT and to further expand the operations in solar power generation and supply, the company acquired a 100.00% equity interest in Suntech Energy as well as Vafe System.