EA to diversify business ops, eyes Cekap Air

PETALING JAYA: EA Holdings Bhd (EAH) is looking to acquire 20% equity interest in Cekap Air Sdn Bhd for RM47.04mil which will allow it to diversify its existing business operations into mechanical and electrical (M&E) engineering and construction project management consultancy businesses.

It told Bursa Malaysia that it would also be able to expand its marketing reach to the other industries that Cekap and its wholly-owned subsidiary WY Consultancy & Development Sdn Bhd are involved in, thereby reducing its reliance on its current mix of customers which are mainly in the services industry.