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.