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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Racing into the hearts of a new generation
Upping wages via upskilling
Big cut and big moves
Wan Zulkiflee steps down as chairman of MAG
Dual listing myth
Mida inks research collaboration deal with MIER
Propelling new adventures in aviation
TNB inks cross border power deal
Outsourcing public projects for a win-win solution
Room for growth in travel and hospitality

Others Also Read