KUALA LUMPUR: KUB Malaysia Bhd has acquired the remaining 30% stake in Precast Products Sdn Bhd (PPSB), in a move to strengthen its position in the growing industrialised building system (IBS) industry.
KUB had on Friday inked a deal to buy JEKS Engineering Sdn Bhd's (JEKS) 30% stake in Precast Products for RM7.65mil to boost its shareholding to 100% as it seeks more contracts in the IBS sector. The 30% stake comprised of 4.149 million RM1 shares.
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