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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Moody's cuts China's credit outlook to negative
Foxconn raises Q4 outlook on strong year-end holiday sales
Asian stocks slide as focus turns to US jobs
Oil prices little changed amid OPEC+ cut doubts, Mid-East tension
Maybank IB cautiously optimistic about Malaysia’s economy, equities next year
eMadani provision will not raise inflation in Malaysia - Ahmad Maslan
NCT Group sees strong demand for Ion Belian Garden in Batang Kali
FBM KLCI slips further at lunch break
Australia's central bank holds cash rate at 4.35%
Inflation in Japan's capital slows in November

Others Also Read