PETALING JAYA: NWP Holdings Bhd is acquiring a 51% stake in Sinar Majumas Sdn Bhd for RM1.5mil from Almaniaga Sdn Bhd, to jointly undertake and manage the installation and connection of electric and water supply to 27 refugee settlement sites in Sabah.
NWP said in a stock exchange filing that the cost was about RM700,000 per site for the initial nine sites.
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