KAB to acquire 80% stake in solar power operator Mayang Hijau


KAB managing director Datuk Lai Keng Onn (pic) said the MHSB acquisition would further strengthen the group’s position in the energy market.

PETALING JAYA: Electrical and mechanical engineering services provider Kejuruteraan Asastera Bhd (KAB) will pay RM800,000 cash for an 80% stake in Mayang Hijau Sdn Bhd (MHSB), which builds and operates solar photovoltaic (PV) power systems.

The remaining 20% will be held by Evergreen Thumbsup Sdn Bhd.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit opens near five-year high vs US dollar after BNM holds OPR
Surging memory chip prices dim outlook for consumer electronics makers
Trading ideas: AirAsia X, Mega First, F&N, Mah Sing, NationGate, DXN, Capital A, Apex Healthcare, Lim Seong Hai, Southern Score, Mulpha, Kimlun, BWYS, Cabnet, Komark, Sentral REIT, Alpha IVF
MyDigital ID Phase 2 sandbox involves 18 banks
Wall St ends higher, buoyed by tariff relief, upbeat data
Guan Huat Seng slips on ACE Market debut
Cabnet wins RM15mil Johor electrical jobs
BNM keeps OPR at 2.75% as expected
AMS Advanced Material gets approval for listing
Cautious optimism amid macro uncertainty

Others Also Read