ME RENEWABLE POWER CORPORATION Tek Financial Ltd. announced the takeover of ME Renewable Power Corporation. This takeover will see Tek Financial Ltd. become the major shareholder of ME Renewable Power Corporation. Tek Financial combines the qualities of a large bank, micro bank, investment group, and finance company which makes it capable of offering innovative financial services to various industries.
With this takeover, the company is looking to intensify its efforts by covering more industries and providing value-added services. Following the takeover, Peter Rooney and Dato Eric Hing have been appointed to the board of MEPW with Peter assuming the role of President. Alongside his role as president, Peter Rooney will also serve as CEO, Secretary, Treasurer Director of the new ME Renewable Power Corp.
In the past, he held the position of Vice President-Sales of ABB Power Grids Australia Pty Ltd. Going forward, the underlying business activity of MEPW will now shift into a focus on delivering financial services, asset management, disruptive finance technology and financial services that include FinTech, property development and international trade. The board is currently in advanced merger discussions with an Australian-based Fund Manager that has interests in high value sustainable and environmentally conscious residential developments in Queensland Australia with an average project size of AUD 145 million.
