Amid Recent Share Price Volatility Elridge Energy Holdings Berhad today reaffirmed to shareholders that the company’s underlying business fundamentals, long-term growth strategy, and operational momentum remain strong despite recent fluctuations in its share price, emphasising that operations and strategic expansion plans continue to
progress as scheduled.
Responding to follow up queries from the media, Chief Executive Officer Oliver Yeo said
the company’s internal review indicates that the recent market movements are not linked
to any undisclosed developments within the business.
“Based on our review of the Record of Depositors (ROD) analysis, part of the recent
share price movement may be attributable to foreign fund outflows,” said Yeo. “However,
it is important to note that share price fluctuations can be influenced by a variety of
factors, including profit-taking after earlier gains, broader market sentiment, and routine
technical trading activities.”
“What is important for investors to understand is that there have been no changes to the
company’s operational outlook, strategy or fundamentals. It remains business as usual
for Elridge Energy,” he said.
Yeo added that the company continues to make steady progress in expanding its
renewable energy footprint across the region. The Company recently marked an
important milestone with the successful opening of its new biomass processing facility in
Pahang.
“The commissioning of our Pahang plant represents an important milestone in
strengthening our biomass supply chain and supporting our renewable energy
ambitions,” he said.
The company is also preparing for the opening of another facility in Johor in the near
future, which will further expand its operational capacity and reinforce its long-term
strategy of building a robust regional biomass ecosystem.
“These developments demonstrate that our growth strategy continues to move forward
as planned. We are steadily building the infrastructure and partnerships necessary to
support the region’s transition toward sustainable energy,” Yeo added.
Elridge Energy’s long-term strategy remains centred on developing a strong renewable
energy platform anchored by reliable biomass supply chains and regional partnerships.
Yeo added that demand for renewable and sustainable energy solutions across Asia continues to grow, presenting significant opportunities for companies with strong supply capabilities and regional partnerships.
“The opportunities we are pursuing, particularly in biomass supply and renewable energy
development across the region, remain highly compelling. Demand for sustainable
energy solutions continues to grow, and management remains focused on executing our
long-term strategy and delivering sustainable value creation for our shareholders while
contributing to the region’s transition toward cleaner energy,” he concluded.