Agape ATP to finance construction of 50 EV charging stations by Volt

AGAPE ATP Corporation intends to finance the construction of 50 electric vehicle charging stations by Volt Industries Sdn. Bhd. in Pahang as part of the Company’s strategy to develop and offer sustainable energy solutions. On 4th November, 2023, ATPC signed a Memorandum of Agreement with Volt Industries, pursuant to which the Company intends to acquire a 51% stake in Volt Industries, a developer of EV charging stations based in Pahang, and the Company also intends to finance the construction of 50 EV charging stations by Volt Industries. ATPC, which was recently listed on Nasdaq, specializes in sustainable global ‘wellness’ ecosystem and the development and production of advanced technology solutions for the energy sector. Under the MoA, ATPC will explore the project’s financial viability by securing primary funding as well as seeking additional capital from other avenues. Volt Industries will initiate the project’s groundwork, including acquiring all necessary permits and licenses as well as ensure full compliance with local regulations together with construction work.