KAB grows market presence in Thailand

KUALA LUMPUR: Kejuruteraan Asastera Bhd (KAB) has agreed to acquire an 80% stake in Energy Optimization (Thailand) Co Ltd for THB4.64mil (RM642,176) to increase its market presence in the region.

EOT is an Energy Service Company (ESCO) principally engaged in the design and implemention of energy-saving equipment.

“The company has 11 Energy Performance Contract (EPC) currently, including two Robinson Department stores under the Central Group, one of the largest real estate conglomerates in Thailand.

"The retail segment of Thailand has been thriving due to the strong tourists’ arrivals," said KAB managing director Datuk Lai Keng Onn.

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