KUALA LUMPUR (Feb 2): Sunview Group Bhd (KL:SUNVIEW) has clarified that there was no discrepancy in its contract cost position, following a sharp reversal in its financial position, which saw a massive swing between its unaudited and audited figures. “As the impairment reflects sunk costs incurred over the past two years, it does not impact the group’s current cash flow position. In June 2022, Sunview was initially awarded an engineering, procurement, construction and commissioning (EPCC) subcontract by Reneuco’s unit Reneuco Engineering Sdn Bhd. In July 2023, the full EPCC contract for the development of a solar photovoltaic plant, valued at RM179.5 million, was novated to Sunview. Receivers and managers were subsequently appointed to take control of the assets of PKNP Reneuco Suria, which had failed to meet its obligations to its creditors.

Source: The Edge Markets February 02, 2026 11:28 UTC